Netflix CEO Reed Hastings' 2019 pay rises 7% to $38.6M
Netflix reports 2019 executive compensation
By ExecPay News
Published: April 22, 2020
Netflix reported fiscal year 2019 executive compensation information on April 22, 2020.
In 2019, seven Netflix executives received on average a compensation package of $18.1M, a 9% increase compared to previous year.
Reed Hastings, Chief Executive Officer, received $38.6M in total, which increased by 7% compared to 2018. 96.98% of Hastings' compensation, or $37.4M, was in option awards. Hastings also received $700K in salary and $465.6K in other compensation.
For fiscal year 2019, the median employee pay was $202,931 at Netflix. Therefore, the ratio of Reed Hastings' pay to the median employee pay was 190 to one.
Ted Sarandos, Chief Content Officer, received a compensation package of $34.7M, which increased by 17% compared to previous year. 51.91% of the compensation package, or $18M, was in salary.
Greg Peters, Chief Product Officer, earned $18.6M in 2019, a 26% increase compared to previous year.
Spencer Neumann, Chief Financial Officer, received $12M in 2019.
Kelly Bennett, Chief Marketing Officer, earned $9.2M in 2019, a 43% increase compared to previous year.
David Hyman, Chief Legal Officer, received $8.2M in 2019, which increases by 27% compared to 2018.
David Wells, Chief Financial Officer, earned $5.1M in 2019, a 12% decrease compared to previous year.