Netflix CEOs Reed Hastings and Ted Sarandos to Receive No Pay Raise for 2021
But don’t worry, they’re still taking home nearly $35 million eachSean Burch | December 28, 2020 @ 1:41 PM Last Updated: December 28, 2020 @ 1:52 PM
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Despite a strong 2020 in terms of subscriber growth, Netflix co-CEOs Reed Hastings and Ted Sarandos won’t see their pay increase in 2021, according to a filing with the Securities and Excahange Commission on Monday. Don’t worry, though, they’re still doing pretty well.
Between their salaries and stock options, Hastings and Sarandos will both earn $34.65 million in 2021 putting them on par with their 2020 pay, which was a 10% boost from the year prior. Hastings will take home a $650,000 salary to go along with $34,000,000 in stock options, while Sarandos will earn a $20,000,000 salary and receive $14,650,000 in stock options.