Ted Sarandos Reed Hastings Entertainment Netflix 2020 Ted Sarandos Reed Hastings

Netflix Co-CEOs Reed Hastings, Ted Sarandos Will Each Earn $34M In 2021, Flat With 2020; Executive Pay During Covid Likely To Take Center Stage In Spring When Most Companies Report It

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Chairman and co-CEO Reed Hastings is set to receive $34 million worth of stock options and a salary of $650,000 for 2021, Netflix said in a SEC filing Monday.Co-CEO and chief content officer Ted Sarandos, who takes less of his compensation in stock, will receive options worth $14 million and a $20 million annual salary.The total compensation is for both would be about flat from 2020.

Sarandos was named co-CEO in July.Salaries of a company’s top five highest paid executives are disclosed in annual SEC proxy statements that have not yet been filed for 2020 by companies, including Netflix, that operate on a regular calendar year.

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