Netflix CFO Has No Plans For Advertising But ‘Never Say Never’

A senior Netflix Inc executive said on Tuesday the company had no current plans to offer a streaming option that included advertising but declined to rule it out in the future. “Never say never,” CFO Spencer Neumann said when asked if the company would change its long-standing position that its service should remain ad-free, adding “it’s not something in our plan right now.”

Netflix Sued For Poaching CFO

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.

New Netflix CFO To Earn $10 Million

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.

Netflix Hiring New CFO From Activision Blizzard