Netflix’ Hastings and Sarandos made less money in 2021

Reed Hastings and Ted Sarandos

Reed Hastings and Ted Sarandos
photo: Stephane Cardinale/Corbis/Corbis via Getty Images

Today, in “Oh, so thatis how much money you get for it erase The Babysitters Club” News: diversity reports that Netflix revealed how much cash Netflix boss honchos Reed Hastings and Ted Sarandos pulled down last year: $40.8 million for Hastings and $38.2 million for Sarandos.

This is according to the company’s annual report to the Securities and Exchange Commission; The two men are currently co-CEOs of the streaming service, which is annoying given that we’ve had that little Joke in the queue where we were going to relate to Sarandos as Hasting’s sub-honcho in the previous paragraphbut he has elevated to an equal role with the founder back in 2020, ruining that little linguistic triumph.

Anyhow, what’s most interesting about the news – aside from the general reminder – is that any man could probably pay you and everyone you know a year’s salary in about a single workweek a year– is that both men’s pay has decreased somewhat in 2022; 6 per cent for Hastings and 2.7 per cent for Sarandos. However, that’s not because Netflix’s board of directors cut both men’s take-home — despite Sarandos slotted right in last year into the controversy surrounding the company’s continued support for Dave Chappelle and the transphobic material he performed in stand-up specials recently produced by Netflix, prompting widespread criticism both inside and outside the company’s offices.

As far as we can tell, the dips — which are happening across the board at the company — have to do with the worth of each individual man Equity compensation is calculated. Which is odd since 2021 was the best year the company has ever had in terms of share price, peaking in November. BBut then we’re just peonies and not successor characters and therefore do not have an instinctive understanding of how the big numbers on the balance sheet move. It will actually be more interesting to see if those drops fall stay consistent in 2022 as Netflix’s stock price has declined in recent months, and is alleged currently struggling to find more ways to squeeze Money from markets like North America that are already fully saturated with subscriptions. (Hence the recent price increases for the service and Efforts to prevent password disclosure.)

https://www.avclub.com/netflix-kings-hastings-and-sarandos-made-slightly-fewer-1848773624 Netflix’ Hastings and Sarandos made less money in 2021

Andrew Schnitker

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