Netflix CEO Reed Hastings' 2018 pay jumps 48% to $36.1M
Netflix reports 2018 executive compensation
By ExecPay News
Published: April 23, 2019
Netflix reported fiscal year 2018 executive compensation information on April 23, 2019.
In 2018, six Netflix executives received on average a compensation package of $16.5M, a 28% increase compared to previous year.
Reed Hastings, Chief Executive Officer, received $36.1M in total, which increased by 48% compared to 2017. 98.06% of Hastings' compensation, or $35.4M, was in option awards. Hastings also received $700K in salary.
For fiscal year 2018, the median employee pay was $202,335 at Netflix. Therefore, the ratio of Reed Hastings' pay to the median employee pay was 178 to one.
Ted Sarandos, Chief Content Officer, received a compensation package of $29.6M, which increased by 32% compared to previous year. 59.42% of the compensation package, or $17.6M, was in option awards.
Greg Peters, Chief Product Officer, earned $14.8M in 2018, a 60% increase compared to previous year.
Kelly Bennett, Chief Marketing Officer, received $6.5M in 2018.
David Hyman, Chief Legal Officer, earned $6.4M in 2018, a 26% increase compared to previous year.
David Wells, Chief Financial Officer, received $5.8M in 2018, which increases by 13% compared to 2017.