Reed Hastings saw his total pay package jump by about $10 million last year to $51 million on a new stock option grant. Co-CEO Ted Sarandos pulled in total compensation of $50.3 million, up from $3…
pulled in total compensation of $50.3 million, up from $38.2 million, also on a bigger option grant.
Hastings earned a base salary of $650k, with the bulk of his package, $49.4 million, in option awards. Sarandos had a $20 million base salary, with options awards of $28.5 million.lets executives decide if they prefer to be paid in cash or stock options. Sarandos has always taken a very large chunk in cash.
The two were co-CEOs last year. In January, Hastings segued to a executive chairman role. Sarandos and former chief operating officer and chief product officer Greg Peters are now co-CEOs.
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