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Top Netflix Execs Got Bigger Paychecks in 2020

Netflix Reed Hastings
Reed Hastings

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.

Also Read: Netflix Adds Just 4 Million New Subscribers in 1st Quarter

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 Lafayette
Jon Lafayette

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.