Netflix’s Ted Sarandos and Reed Hastings Won’t See Salary Bumps in 2021

Netflix’s Ted Sarandos, Reed Hastings and other top Netflix corporate executives will not receive salary increases in 2021.

Netflix disclosed Monday in a Securities and Exchange Commission filing that Sarandos, Netflix’s co-CEO and chief content officer, will see his 2021 salary stay the same as 2020 at $20 million. Hastings, co-CEO and chairman, will be flat at $650,000.

The two top executives are also receiving the same allocation of stock options for 2021 as they did this year. Hastings is to receive options currently valued at $34 million. Sarandos’ options are valued at $14.6 million.

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