Netflix CEO Reed Hastings Takes Pay Cut

Netflix has cut the base pay for CEO Reed Hastings from $3 million per year to $1 million, the company said in a regulatory filing on Monday. […] Chief content officer Ted Sarandos is also taking a cut in base pay to $1 million. A year ago, he got a boost to $2.8 million from $2.2 million. – Paul Bond, The Hollywood Reporter
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