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Netflix’s Ted Sarandos and Reed Hastings Won’t See Salary Bumps in 2021

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variety.com

Cynthia Littleton Business EditorNetflix’s Ted Sarandos, Reed Hastings and other top Netflix corporate executives will not receive salary increases in 2021.Netflix disclosed Monday in a Securities and Exchange Commission filing that Sarandos, Netflix’s co-CEO and chief content officer, will see his 2021 salary stay the same as 2020 at $20 million.

Hastings, co-CEO and chairman, will be flat at $650,000.The two top executives are also receiving the same allocation of stock options for 2021 as they did this year.

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