Netflix Is Putting Tech Salaries To Shame
发布时间 2022-12-14 20:00:05 来源
摘要
By now, I’m sure you’re all familiar with the insane salaries and compensation packages offered at FAANG and other similar companies. But, one characteristic that’s applicable to almost all of these is that the vast majority of the compensation is in the form of stock. One company that breaks this trend, however, is Netflix which almost exclusively offers full cash compensation. This doesn't mean that Netflix’s compensation numbers are any lower either. In fact, they’re just as high if not even higher than their FAANG counterparts, but it’s all in the form of cash. Even the CEO has the option to take their entire salary in the form of cash. One of the reasons that Netflix does this is to provide their employees with more freedom. Oftentimes, employees just end up selling all of their stock compensation. So, why dilute your company and issue this stock compensation when you know that it won't even be used. Also, it’s important to note that Netflix is actually in a financial position in which they can afford to pay such high cash salaries. The same cannot be said about their peers like Amazon. This video explains the various reasons that Netflix offers their entire compensation in the form of cash and the pros and cons of massive cash salaries.
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Timestamps:
0:00 - Netflix Cash Salaries
2:45 - Netflix Philosophy
5:35 - Cash Is King
8:22 - Cash Is Trash
11:18 - The Netflix Way
Resources:
https://pastebin.com/LvzrChKu
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