Netflix hires PayPal's chief accountant for same role
Mario Tama/Getty Images News


Netflix (NASDAQ:NFLX) has tapped PayPal's (NASDAQ:PYPL) chief accountant for the same role at the streaming company.
Jeffrey Karbowski will become Netflix's VP and chief accounting officer effective Feb. 13, the company said in an SEC filing. That coincides with Karbowski's resignation from the CAO role at PayPal effective Feb. 10.

At Netflix (NFLX), Karbowski will report to Chief Financial Officer Spencer Neumann, who will continue to serve as principal financial officer. He'll receive a base annual salary of $2M along with a one-time bonus of $400,000 and a $1M annual stock option allowance.
PayPal (PYPL) has designated acting CFO Gabrielle Rabinovitch as its interim principal accounting officer effective with Karbowski's departure.