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According to a filing with the SEC, Peters will be raking in an annual salary of $3 million. Added to that, he’ll get an annual stock option allocation totaling more $17 million and is also on track to receive an estimated bonus of more than $14 million.
Hastings will now serve as executive chairman, earning just $500,000. Added to that, Hastings will receive $2.5 million in stock options, the report notes. Hastings’ bonus was not disclosed.
Netflix did not immediately respond to Insider’s request for a comment.
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