Alex Ossola

Meanwhile, Netflix reported increased revenue and profit in its fourth quarter compared with the year before.

Its results topped analyst expectations.

Popular series such as the final season of Stranger Things boosted viewership of the company's originals and subscriptions topped $325 million.

For more on Netflix's earnings, check out WSJ.com.

Does big pay for CEOs mean big returns for their employers?

Dozens of companies, such as KKR, Rivian, Roblox, and Robinhood, have bet on it, hammering out $100 million-plus moonshot pay packages with their chiefs in recent years.

But it's looking like promising CEOs the moon hasn't always been a great way to get out-of-this-world results.

Tao Francis covers corporate news and executive compensation at the Journal.

Tayo, it seems like all this kind of stems back to that Elon Musk pay package from 2018, the billions of dollars in stock options that Tesla offered him.

What kind of precedent did that set for some of these other companies?

So the companies that I rattled off in the intro, KKR, Rivian, Roblox, Robinhood, these are not the biggest of the big companies, like maybe not the ones I would have expected to be offering these $100 million pay packages to their CEOs.

What do these companies have in common?

Fair enough.

And this new analysis by the compensation data firm Equilar looked at just two years, 2020 and 2021.

How many of the CEOs of those 20 companies actually hit the goals that were laid out for them, and how many just gave up on those goals completely?

So for the companies that did have these big pay packages for their CEOs, how did the companies actually do?

That was WSJ special writer, Tao Francis.

Thanks, Tao.

And that's what's news for this Tuesday afternoon.

Today's show is produced by Pierre Bien-Aimé with supervising producer Tali Arbel.