Netflix CEO Reed Hastings made $23.2 million in overall
compensation for 2016, up virtually forty%, according to an SEC submitting
Monday. Which is also an maximize above his overall compensation in
2015, which was $16.6 million.
Hastings’ 2016 foundation income was $900,000, although his inventory alternatives
additional up to $22.three million. But this is a fall in the bucket following
to Hastings’ internet worthy of, approximated at $one.seven
billion by Forbes.
Ted Sarandos, Netflix’s head of content, made $eighteen.nine million,
including a $4 million bonus. Sarandos’ approximated 2017 goal
bonus is $nine million.
Netflix’s chief of item, Neil Hunt, has an approximated $five.2
million goal bonus for 2017, although he is leaving the organization
in July just after virtually two many years. His overall compensation for 2016
was $8.8 million.
Monday Netflix also introduced that it was having on an additional
~$one.08 billion in debt ($one billion euros). This is par for
the system for Netflix, which lifted a related $one billion in debt
in October, primarily to fund its ongoing force into original
Netflix’s unfavorable absolutely free cash stream
will be $2 billion in 2017, and will “accompany our speedy
advancement for many a long time,” as the organization moves even further into the
production of original displays and videos. Netflix will devote $6
billion on content in 2017.