Netflix co-CEO Ted Sarandos saw a 2023 compensation package valued at $49.8 million, down a hair from the year before but with one big change — he took more in stock option awards than in cash as the streamer shifts its pay policies.
Sarandos had a $3 million base salary for last year, up from $20 million the year before. Option awards worth $28.3 million compared with $28.5 million for 2022.
Also in 2023, he was awarded a non-equity incentive plan compensation — like a cash bonus — for $16.5 million, according to the company’s latest proxy report.
Co-CEO Greg Peters had a package worth $40 million, up from $28 million in 2022. He was named co-CEO in Jan. of 2023. Proxies list the salaries of a company’s five highest paid executives.
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