Netflix CEO Reed Hastings saw his pay jump almost 40% to $23.2 million in 2016, but that's tiny compared to his net worth
Hastings' 2016 base salary was $900,000, while his stock options added up to $22.3 million. But this is a drop in the bucket next to Hastings' net worth, estimated at $1.7 billion by Forbes.
Ted Sarandos, Netflix's head of content, made $18.9 million, including a $4 million bonus. Sarandos' estimated 2017 target bonus is $9 million.
Netflix's chief of product, Neil Hunt, has an estimated $5.2 million target bonus for 2017, though he is leaving the company in July after almost two decades. His total compensation for 2016 was $8.8 million.
On Monday Netflix also announced that it was taking on another ~$1.08 billion in debt ($1 billion euros). This is par for the course for Netflix, which raised a similar $1 billion in debt in October, primarily to fund its ongoing push into original shows.
Netflix's negative free cash flow will be $2 billion in 2017, and will "accompany our rapid growth for many years," as the company moves further into the production of original shows and movies. Netflix will spend $6 billion on content in 2017.