Netflix has been sued again for poaching executives, this time by Activision Blizzard, over its hire of CFO Spencer Neumann. In the lawsuit filed on Friday, Activision accuses Netflix of hiring Neumann as its CFO when he was less than two years into his contract. Neumann was hired as CFO by Netflix in January 2019.
Netflix’s new chief financial officer will receive $10 million in total compensation, a more generous pay package than was afforded his predecessor, according to a new regulatory filing. Spencer Neumann will earn $5 million in salary and receive $5 million in stock options.