Peters will collect $17.3 million in stock and a bonus of up to $14.3 million. Sarandos stands to receive an additional $20 million in stock, and is eligible for a bonus of up to $17 million. Co-CEOs Ted Sarandos and Greg Peters will each collect an annual salary of $3 million. This year, Executive Chairman Reed Hastings is set to receive a $500,000 salary and $2.5 million in stock. Last year, the company's executive pay package won support from just 27% of the shareholder votes cast.Īfter last year's vote, Netflix said it made changes including instituting a salary cap for its co-chief executives and a performance-based bonus plan. The company said the vote tally would be reported in a regulatory filing. Netflix shareholders withheld support for the executive compensation structure for 2023, in a non-binding "say on pay" vote. Stiehm wrote that if Netflix had the resources to spend more than $166 million on executive compensation last year for its top executives, it can afford to pay $68 million a year to writers seeking in better compensation. The union sent a similar letter to NBCUniversal parent Comcast Corp (CMCSA.O), which holds its annual shareholder meeting on June 7. "While investors have long taken issue with Netflix's executive pay, the compensation structure is more egregious against the backdrop of the strike," wrote Writers Guild West President Meredith Stiehm. The Writers Guild of America West had urged investors to vote against the compensation offered to Netflix's top executives, arguing such a vote would be "inappropriate" during the strike, which has entered its fifth week. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.June 1 (Reuters) - Netflix Inc (NFLX.O) shareholders on Thursday withheld their support for the company's executive pay package, in a non-binding vote that followed a call by striking Hollywood writers to reject the proposed 2023 compensation. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019© Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes.
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