Meta, Netflix and other Bay Area tech giants recently participated in the once-a-year tradition of disclosing how much they’re paying their chief executive officers. The numbers are, as usual, way detached from most people’s real lives.

Ted Sarandos, co-CEO of Netflix, received almost $50 million in total compensation from the Los Gatos-based streaming company in 2023, per a Thursday filing. Such executives’ pay packages are complex and often lean heavily on stock grants and awards, but they give a window into the extreme wealth of the Bay Area’s richest executives. The average full-time American worker’s annual salary is about $60,000, according to U.S. Bureau of Labor Statistics. READ MORE