Netflix headquarters in Los Gatos, California. Netflix Legal Chief Chops Salary by $2M in Order to Get Larger Trove of Stock Options
David Hyman's move suggests that he is bullish the company's shares will rebound after losing more than half their value in 2022.
December 27, 2022 at 06:48 AM
2 minute read
Technology Media and Telecom
The original version of this story was published on Corporate Counsel
David Hyman, the longtime chief legal officer of Netflix, is opting to cut his salary by $2 million in 2023 in order to qualify for larger stock option grants, which would soar in value if the company's slumping stock rebounds.
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