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        <title><![CDATA[Netflix boss Reed Hastings’ pay soared to nearly $39 million last year]]></title>
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        <link>https://usagag.com/2020/04/22/netflix-boss-reed-hastings-pay-soared-to-nearly-39-million-last-year/</link>
        <lastBuildDate>Wed, 22 Apr 2020 16:08:33 +0000</lastBuildDate>
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            <media:title type="html">Netflix boss Reed Hastings’ pay soared to nearly $39 million last year</media:title>
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        <content:encoded><![CDATA[<p>Streaming giant Netflix gave its top brass a hefty pay day in 2019.</p><p>Netflix founder and <strong>chief executive Reed Hastings</strong> saw his compensation jump 7 percent to $38.6 million last year, versus pay of $36.1 million in 2018, according to a regulatory filing Wednesday.</p><p>Hastings&#8217; No. 2, <strong>Ted Sarandos, the company&#8217;s chief content officer</strong>, got a 17 percent bump in compensation, amounting to $34.7 million. That compared with $29.6 million a year earlier.</p><p>Hastings&#8217; salary remained unchanged at $700,000 with the majority of his compensation increase coming from stock options awards, which amounted to $37.4 million, up from $35.4 million in 2018. The CEO&#8217;s &#8220;other compensation&#8221; totaled $465,637, up from zero. That figure was all for the &#8220;personal use of the company aircraft,&#8221; the filing said.</p><p>Meanwhile, Sarandos got a $6 million salary increase to $18 million, while his options awards declined from $17.6 million to $16.6 million. His &#8220;other&#8221; compensation rose to $98,497 from $32,251. It included $74,282 for personal use of the company airplane and $14,415 for car services.</p><p>The filing comes after Netflix turned in a banner day Tuesday, in which the streaming giant <strong>added nearly 16 million new paid subscribers in the first quarter</strong> of 2020. Aided by coronavirus quarantines that have kept millions of people housebound, Netflix saw its global user base hit 183 million.</p>]]></content:encoded>
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