Netflix has slashed executive pay for CEO Reed Hastings and Chief Content Officer Ted Sarandos, though both have the opportunity to earn far more in total compensation through stock options.
Hastings’ salary will be cut from $3 million per year to $1 million. This comes just one year after the board upped Hastings’ salary by $1 million, according the company’s regulatory filing on Monday.
Also Read: Mike Colter Cast as Luke Cage for Netflix and Marvel’s ‘Jessica Jones,’ Eventual Spin-off
Sarandos also takes a $1.8 million dollar salary cut.
Hastings could see more compensation in the form of annual stock options totaling $13.7 million,...
Hastings’ salary will be cut from $3 million per year to $1 million. This comes just one year after the board upped Hastings’ salary by $1 million, according the company’s regulatory filing on Monday.
Also Read: Mike Colter Cast as Luke Cage for Netflix and Marvel’s ‘Jessica Jones,’ Eventual Spin-off
Sarandos also takes a $1.8 million dollar salary cut.
Hastings could see more compensation in the form of annual stock options totaling $13.7 million,...
- 12/22/2014
- by Itay Hod
- The Wrap
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