What number of thousands and thousands of Netflix's high executives will make in 2019 after large raises

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reed hastings

  • Netflix launched its 2019 salaries for its high executives on Friday, and so they’re getting large raises.
  • CEO Reed Hastings and content material chief Ted Sarandos will every make $31.5 million in mixed wage and inventory choices.
  • Hastings’ web price was estimated to be $2.2 billion in 2017 when he landed on the Forbes 400 for the primary time. 

Netflix launched its 2019 salaries for its high executives on Friday, and so they’re getting large raises because the streaming big continues to develop at a speedy tempo.

Netflix CEO Reed Hastings’ wage will stay at $700,000, however his inventory choices will rise from $28.7 million this 12 months to $30.eight million in 2019. Content material chief Ted Sarandos will make $18 million in 2019, a rise from his $12 million wage in 2018. His inventory choices will likely be $13.5 million.

After combining their salaries and inventory choices, Hastings and Sarandos will each make $31.5 million in 2019. However Hastings’ web price is way more than his compensation in a given 12 months. In 2017, Hastings landed on the Forbes 400 for the primary time with an estimated web price of $2.2 billion. 

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Monetary chief David Wells is about to make $three.5 million in 2019 with a $2.eight million inventory choice allocation, a rise from $2.eight million and $2.5 million in 2018, respectively.

Product chief Greg Peters can be getting a considerable increase in wage, from $6 million in 2018 to $10 million in 2019. His inventory choice allocation will rise from $6.6 million to $6.eight million.

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And Netflix’s normal counsel and secretary, David Hyman, is anticipated to make $three.5 million in 2019, with a inventory choice allocation of $three.85 million. 

Netflix shares rose 33% in 2018 as the corporate invested closely in authentic content material and landed unique manufacturing offers with the likes of the Obamas and Ryan Murphy, in keeping with CNN Enterprise.

SEE ALSO: Netflix’s ‘Black Mirror: Bandersnatch’ is an interactive film with 5 completely different endings, and followers can count on extra ‘Black Mirror’ in 2019

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