Netflix’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. Hastings is to receive options currently valued at $34 million. Sarandos’ options are valued at $14.6 million.
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