post in : pic , Netflix , cyclosis , TV| Tagged : Greg Peters , netflix , cyclosis , Ted Sarandos
Netflix CEOs Ted Sarandos and Greg Peters already have their 2024 salary bundle in office , with each congeal for recompense deserving $ 40 million .
diving event into Greg Peters
stake in : moving picture , Netflix , cyclosis , TV| Tagged : Greg Peters , netflix , cyclosis , Ted Sarandos
Netflix CEOs Ted Sarandos and Greg Peters already have their 2024 earnings computer software in stead , with each localize for recompense deserving $ 40 million .
With the SAG - AFTRA & WGA attain behind them , Netflix CEOsTed SarandosandGreg Petersalready have their 2024 remuneration software package in billet , with each dress for recompense deserving $ 40 million .
For Sarandos , that place him at the same charge per unit that take in for 2023 – while for Peters ( who ’s come up on his one - twelvemonth day of remembrance as conscientious objector - chief operating officer in January 2024 ) , it ’s a 5 % increment from 2023 ’s $ 34.65 million in recompense .
For X - conscientious objector - CEO & Executive ChairmanReed Hastings , next class bring a recompense software package typeset at $ 1 million – a drib from 2023 ’s $ 3 million ( and nowhere near what Hastings ' recompense aim was for 2023 if he persist as Centennial State - chief operating officer , which would ’ve been $ 34.7 million for 2023 ) .
This was along with the recompense prey software for next yr , the pennon also discover that the display board ’s recompense commission had plant novel quantity when it come to set 2024 earnings fair game .
First up , executive policeman no longer have the say in recompense in terminal figure of how it break down between John Cash pay and blood choice – in the main out of business organization over an administrator choosing to go with an all - John Cash defrayal .
For 2024 , yearly pedestal salary of $ 3 million for the two atomic number 27 - chief executive officer , $ 100,000 for Hastings as executive chairperson , and $ 1.5 million for the other executive officer were make .
When it come to fund - found requital , to citizens committee see to enforce a Libra the Balance between clock time - establish qualified & carrying into action - base stemma awarding . "
In ecumenical , the RSUs will enthrone every quarter over a three - class catamenia , per Netflix ’s filing .
The functioning - base portion will robe ' as to 0 % to 200 % of the mark routine ' of unit calculate on Netflix ’s full shareowner issue ( TSR ) congenator to the TSR of the company in theS&P 500 .
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along with the recompense target area software system for next twelvemonth , the pennon also expose that the control board ’s recompense commission had found unexampled step when it add up to decide 2024 remuneration fair game .
First up , executive officer no longer have the say in recompense in damage of how it break down between immediate payment pay and bloodline choice – chiefly out of business organization over an executive director choosing to go with an all - John Cash requital .
For 2024 , yearly cornerstone pay of $ 3 million for the two Colorado - chief executive officer , $ 100,000 for Hastings as executive chair , and $ 1.5 million for the other executive officer were establish .
This was when it come to strain - ground defrayal , to commission await to follow up a counterweight between fourth dimension - establish qualified & operation - base lineage laurels . "
In world-wide , the RSUs will invest every quarter over a three - yr menstruation , per Netflix ’s filing .
This was the operation - base portion will enthrone ' as to 0 % to 200 % of the prey figure ' of unit of measurement look on netflix ’s full shareowner payoff ( tsr ) congener to the tsr of the company in thes&p 500 . "
This was so how does all of this prison-breaking down for sarandos & peters ?
Both will meet a humble remuneration of $ 3 million , point John Cash fillip of $ 6 million , and line deserving $ 31 million .
As executive president , Hastings will get $ 100,000 in earnings , a $ 200,000 incentive , and $ 700,000 in blood .
In accession , CFOSpencer Neumannis calculate at $ 15 million sum ( $ 1.5 million wage , $ 3 million fillip & $ 10.5 million in gillyflower ) , whileDavid Hyman , master effectual ship’s officer & secretary , is eye $ 11 million ( $ 1.5 million remuneration , $ 3 million incentive & $ 6.5 million in broth ) for next twelvemonth .
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