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Netflix CEO Hastings’ Pay Rose 7% to $38.6M in 2019

(Image credit: Future)

Netflix’s top executives had a good year in 2019.

Total compensation for CEO Reed Hastings rose 7% to $38.6 million. His salary was constant at $700,000. Option awards rose to $37.4 million from $34.4 million in 2018.

Chief content officer Ted Sarandos’ compensation jumped 17% to $34.7 million. His salary rose to $18 million from $12 million and he received option awards with $16.6 million.

Netflix on Tuesday announced higher first quarter earnings as viewers staying at home because of the worldwide pandemic signed up for streaming services like Netflix and consumed more content.