Netflix shareholders voted against a motion to approve pay packages for the streamer’s top executives, right after the WGA told them to do just that. In a shareholder meeting that streamed Thursday, shareholders voted “no” on a “Say on Pay” proposal that pertained to how much compensation Co-CEOs Greg Peters and Ted Sarandos and co-founder and board chair Reed Hastings would receive. It’s a non-binding vote, so it may be little more than symbolic in terms of how much Netflix’s top brass are paid this year, but it’s rare that shareholders would swat it down.
The Wga’s Latest Netflix Shutdown Was Ceo Pay Packages
Brian Welk, IndieWire
Thu, 06/01/2023 - 6:02pm
Topics: say pay co-ceos greg peters ted sarandos reed hastings april wgaw meredith stiehm while a the wga hollywood upfronts hastings it s netflix netflix s sec wga shareholders vote voted streamer year letter content top similar million proposal company compensation meeting filing strike executive subscribers
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