Hyman will receive a base salary of $6 million and $5 million in stock options, the company announced Tuesday in a proxy filing. By comparison, about $9.45 million in base salary and stock options were issued this year, according to a Netflix filing from a year ago. *Please note that all salary information is approximate based on third party submissions to SimplyHired or its affiliates. These figures are provided to SimplyHired users for general comparison purposes only. Minimum wage may vary by jurisdiction and you should consult with the employer for actual wage figures. Before joining the company in 2002, Hyman was general counsel for the defunct grocery delivery company Webvan and an employee of Morrison & Foerster rather than Fox, according to his LinkedIn profile. Netflix Inc. rewarded its general counsel, David Hyman, with a salary increase to at least $11 million in 2022 after the company`s profits rose this year. The Assistant General Counsel provides practical advice to all levels of senior management and manages the operations of the Legal Department. Helps protect an organization`s legal interests and maintain its operations within the framework established by law.
As associate legal counsel, lawyers can be directed into various legal specializations such as tax, litigation, acquisitions, intellectual property, etc. Requires a Juris Doctor degree from an accredited law school and may require admission to a state bar association. Identifies and analyzes legal issues, drafts key documents, makes clear recommendations to senior management and ensures regulatory compliance. In addition, the Associate Legal Counsel usually reports to the Senior Legal Officer or General Counsel. The Deputy Legal Counsel leads a departmental function within a broader organizational function. Develop key objectives to support overall functional objectives. Approves policies developed in various sub-functions and departments. Working as an associate legal counsel typically requires 8+ years of leadership experience. In-depth knowledge of the entire corporate function.
(Copyright 2022 Salary.com) Assistant General Counsel – David and Lucile Packard Foundation Netflix, based in Los Gatos, California, has seen a sharp increase in profits during the pandemic, though it reported a slow first quarter of 2021 before recovering in the second half of the year as shows like “Squid Game” boosted subscriptions. The San Mateo County Bar Association – Los Altos, CA reported a profit of more than $4.5 billion for the nine-month period ended Sept. 30, compared to nearly $2.8 billion for the full year 2020. Netflix co-CEOs Reed Hastings and Ted Sarandos will receive total compensation of nearly $35 million and $40 million, respectively, next year, according to the appointee. Netflix did not disclose the expected values of other forms of compensation in the filing.