Reed Hastings played a big role in shaping Netflix into the streaming giant we know today. He co-founded the company back in 1997, directing it through major shifts in the entertainment industry. In 2023, Hastings stepped down as co-CEO and...

Number of Employees

13K

Year

2023

Total Compensation

$647.05K

Salary

$510.96K

Board Justification

The compensation philosophy aims to attract and retain top talent while aligning executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

Reed Hastings did not participate in the Bonus Program for 2023 as he transitioned to Executive Chairman.

Other

$136.09K

Board Justification

This includes personal use of company aircraft.

Restricted Stock

$0.00(0 Stock Options)

Board Justification

No stock was vested in 2023 as all stock options granted in 2023 had a one-year vesting period.

Performance Metrics

The performance metrics for determining compensation in 2023 were focused on F/X Neutral Revenue and F/X Neutral Operating Margin.

SEC Filing

From April 18, 2024

Reed Hastings

Founder and Ex-CEO of Netflix

RH

Education

Bachelor's degree in Computer Science from Stanford University

Field of Expertise

Technology & Engineering - Technology

Born

October 8, 1960 - 64 years ago

Is Founder?

Yes

Tenure

25 years 4 months (Aug 1997 - Jan 2023)

Previous Experience

Founder and CEO of Pure Software