Netflix’s Ted Sarandos Could Get up to $40 Million in 2023, Reed Hastings Pay to Remain at $34.7 Million

Netflix co-CEO and chief content officer Ted Sarandos’ pay package next year will get a total potential payout of $40 million — which would match his 2022 compensation plan. Reed Hastings, co-CEO and chairman, is set to receive the same compensation package next year as he did in 2022, with a salary of $650,000 and stock options worth approximately $34 million. With the 2023 compensation packages, Netflix is reintroducing bonuses for its top execs, after having suspended them for the last several years, as well as new salary caps for Hastings, Sarandos and COO and chief product officer Greg Peters…. Read Full Article