Netflix CEO Reed Hastings’ Compensation Jumps 48% to $36.1 Million

Variety | 4/23/2019 | Brent Lang
Click For Photo: https://pmcvariety.files.wordpress.com/2018/10/rexfeatures_9190049bx.jpg?w=700&h=393&crop=1

Netflix chief Reed Hastings is being handsomely rewarded for calling the shots at the streaming giant.

His compensation package, which is largely in the form of stock options, climbed 48% in 2018 to $36.1 million. That’s up from $24.4 million in the previous year. Hastings’ salary is a relatively modest $700,000, but his stock options are valued at a whooping $35.4 million, according to public filings.

Hastings - Work - Comparison - Media - Executives

Although Hastings is amply compensated for his work, it pales in comparison to what some media executives earn. Discovery chief David Zaslav enjoyed a compensation package valued at $129.5 million in 2018, while Disney head Bob Iger’s compensation package was valued at $65.6 million.

Netflix Chief Content Officer Ted Sarandos, the executive behind “Stranger Things,” “The Crown,” and other programming...
(Excerpt) Read more at: Variety
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!