Netflix CEO Reed Hastings' pay rose to $24.4 million last year, amid a period of great growth for the company
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- Netflix CEO Reed Hastings saw his pay rise five percent to $24.4 million in 2017, the company disclosed in a regulatory filing on Monday.
- Netflix's chief creative officer, Ted Sarandos, also saw his total compensation package rise 18.5 percent from $18.9 million in 2016 to $22.4 million last year.
- Netflix's executive pay increases came amid a period of great growth for the company.
- After posting its "highest quarter in our history," with 8.3 million subscribers added globally in Q4 of 2017, the company again blew past growth targets in Q1, adding another 7.4 million subscribers.
Netflix CEO Reed Hastings saw his total compensation package rise five percent to $24.4 million in 2017, the company disclosed in a regulatory filing on Monday, according to The Hollywood Reporter.
While Hastings' salary dropped from $900,000 to $850,000, the CEO's stock options rose from $22.3 million to $23.5 million.See the rest of the story at Business Insider
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