Netflix has issued estimates for the 2023 compensation of its top executives, with Co-CEOs Reed Hastings and Ted Sarandos set to take home 34.65 million and 40 million, respectively.
The forecast by the board of director’s compensation committee, disclosed today in an SEC filing, is in line with 2022. Hastings will receive 650,000 in base salary and stock options worth 34 million. Sarandos will get a salary of 3 million, options worth another 20 million and a bonus targeted at 17 million.
Netflix is among the few companies that issue guidance for executive pay, as opposed to just reporting figures from previous year.
Greg Peters, the company’s COO and head of product as well as the key overseer of the company’s recent launch of an ad-supported subscription tier and entry into video games, is in line to receive 24 million in 2023, the same as last year’s estimate. Of that total, 1.5 million is base salary; options are...
The forecast by the board of director’s compensation committee, disclosed today in an SEC filing, is in line with 2022. Hastings will receive 650,000 in base salary and stock options worth 34 million. Sarandos will get a salary of 3 million, options worth another 20 million and a bonus targeted at 17 million.
Netflix is among the few companies that issue guidance for executive pay, as opposed to just reporting figures from previous year.
Greg Peters, the company’s COO and head of product as well as the key overseer of the company’s recent launch of an ad-supported subscription tier and entry into video games, is in line to receive 24 million in 2023, the same as last year’s estimate. Of that total, 1.5 million is base salary; options are...
- 12/23/2022
- by Dade Hayes
- Deadline Film + TV
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In what is shaping up to be a critical year for the streaming giant, Netflix says that co-CEOs Reed Hastings and Ted Sarandos will have 2023 pay packages valued at 34.65 million and 40 million, respectively.
That is in line with their 2022 pay packages of 40 million for Sarandos and 34.6 million for Hastings, however, Netflix also disclosed that it is changing how it compensates its top executives, giving them less guaranteed income, and tying their pay to the company’s performance.
Previously, Sarandos, Hastings and other Netflix execs received a salary and a tranche of stock annually, and they could choose how much of each to take. Last year, Sarandos had a 20 million salary and a 20 million stock tranche, while Hastings took a 65,000 salary, with the remaining 34 million in stock.
In 2023, the company will pay its officers a salary, an annual target bonus, and a tranche of stock,...
In what is shaping up to be a critical year for the streaming giant, Netflix says that co-CEOs Reed Hastings and Ted Sarandos will have 2023 pay packages valued at 34.65 million and 40 million, respectively.
That is in line with their 2022 pay packages of 40 million for Sarandos and 34.6 million for Hastings, however, Netflix also disclosed that it is changing how it compensates its top executives, giving them less guaranteed income, and tying their pay to the company’s performance.
Previously, Sarandos, Hastings and other Netflix execs received a salary and a tranche of stock annually, and they could choose how much of each to take. Last year, Sarandos had a 20 million salary and a 20 million stock tranche, while Hastings took a 65,000 salary, with the remaining 34 million in stock.
In 2023, the company will pay its officers a salary, an annual target bonus, and a tranche of stock,...
- 12/23/2022
- by Alex Weprin
- The Hollywood Reporter - Movie News
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