Netflix Investors Reject What They Pay Netflix CEOs

Netflix shareholders rejected proposed compensation packages for top executives Ted Sarandos, Greg Peters, and Reed Hastings worth up to $50 million each.
The vote against the advisory "Say on Pay" measure urged by the Writers Guild of America was nonbinding but signals shareholder dissatisfaction.
Sarandos and Peters, as co-CEOs, were in line for $40 million and $35 million pay packages respectively for 2023.
The WGA has argued Netflix should pay its creators fairly if it pays its executives so well, as the union continues its strike.
Netflix's board can still approve the pay, but last year cut executive pay after a similar shareholder vote.