The pandemic boosted Netflix’s subscriber numbers in 2020 and it also boosted compensation for the streaming company’s top executive.
Co-CEO and chairman Reed Hastings got $43.2 million in total compensation, up 12% from $38.6 million a year ago.
Hastings’ option awards rose to $42.4 million from $37.4 million in 2019.
Co-CEO and chief content officer Ted Sarandos’ pay climbed 13% to $39.3 million from $34.7 million. Sarandos became co-CEO last July and his salary increased to $20 million from $18 million.
Netflix’s new chief communications officer Rachel Whetstone received total compensation of $5.4 million, including a $4.8 million salary.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.
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