Netflix 
BRIGHT 
FIRST THEY KILLED MY FATHER: A DAUGHTER OF CAMBODIA REMEMBERS 
Reed Hastings, who stepped aside as co-CEO of Netflix in January, and co-chief Ted Sarandos both saw double-digit increases in their compensation packages for 2022, with their total pay topping $50 million each.Hastings' total pay last year was $51.07 million, $49.4 million of which was in stock option awards, up 25% from 2021, the streamer disclosed in its 2023 proxy statement Friday. Sarandos' pay jumped 31.5% in 2022, to $50.3 million, comprising $20 million base annual salary, $28.5 million in...
Netflix
Ted
Sarandos
Co-CEO / Chief Content Officer
For a decade, Sarandos (with chairman and co-CEO Reed Hastings) guided Netflix on a nearly nonstop upward trajectory that disrupted and transformed the modern entertainment landscape, not to mention the leisure habits of people everywhere. But the streaming giant hit a wall in April when it announced its first loss of subscribers in more than 10 years. Overnight, its stock dropped 35%, reducing its market cap by more than $54 billion, leading to more than 150 layoffs and a string of canceled projects at the company once known for its free-spending ways. Amid all the turmoil and industry schadenfreude, Sarandos got to revel in some awards success when Netflix scored two Oscar nominations for best picture (“Power of the Dog,” “Don’t Look Up”).
