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Netflix CEO Reed Hastings. Photo: Gabriel Aponte/Getty Images

Reed Hastings, the co-founder and CEO of Netflix, took home almost $302 million in 2018 after accounting for the actual value of stock he cashed out throughout the year, according to the company's latest proxy statement.

The big picture: Netflix has morphed into a streaming giant that is producing more of its own shows — hiking its prices as subscribers grow — and Hastings is reaping huge rewards. Hastings made $179 million in 2017, making him the highest-paid CEO of all S&P 500 companies.

Go deeper: How Netflix burns $10 million a day

Go deeper

Casinos throw cash at sports betting media

Illustration: Sarah Grillo/Axios

Casinos are investing millions on sports betting content to lure bettors to their online and in-person sportsbooks.

Why it matters: It’s a mini gold rush for some sports media companies that were struggling in the pandemic.

Ben Geman, author of Generate
8 mins ago - Energy & Environment

Global carbon emissions rebound to pre-COVID levels

Newly released data show that global CO2 emissions had returned to pre-pandemic levels by the end of last year and surpassed them in some major economies.

Why it matters: The International Energy Agency warned that clean energy efforts are falling short.

Civil rights leader and Bill Clinton adviser Vernon Jordan dies at 85

Vernon Jordan. Photo: Andy Kropa/Getty Images

Vernon Jordan, the Civil Rights Movement pioneer who served as a close adviser to former President Clinton, died on Monday evening, CNN reports. He was 85.

Why it matters: The former National Urban League president was influential in American politics — from his service in President Lyndon B. Johnson’s civil rights conference to his position in leadership at the NAACP.