{"id":1942585,"date":"2023-06-02T09:36:02","date_gmt":"2023-06-02T13:36:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/netflix-shareholders-reject-plush-pay-packages-for-top-executives\/"},"modified":"2023-06-02T09:38:15","modified_gmt":"2023-06-02T13:38:15","slug":"netflix-shareholders-reject-plush-pay-packages-for-top-executives","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/netflix-shareholders-reject-plush-pay-packages-for-top-executives\/","title":{"rendered":"Netflix investors reject high salaries for top executives."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnetflix-shareholders-reject-plush-pay-packages-for-top-executives%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1942585&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Netflix Shareholders Reject Executive Compensation Packages<\/h2>\n<p>Netflix shareholders have voted against <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/netflix-shareholders-reject-plush-pay-packages-for-top-executives\/\" title=\"Netflix investors reject high salaries for top executives.\">proposed compensation packages<\/a> for the company&#8217;s top executives, citing their excessive pay for 2023. This decision comes in support of the ongoing Hollywood Writers Guild of America strike, which has now entered its fifth week.<\/p>\n<blockquote>\n<h3>&#8220;The compensation structure is more egregious against the backdrop of the strike.&#8221;<\/h3>\n<p>According to Writers Guild of America West President Meredith Stiehm, &#8220;While investors have long taken issue with Netflix&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-advances-bill-to-combat-china-after-multi-hour-deliberations-secure-gop-support\/\" title=\"Senate Advances Bill To Combat China After Multi-Hour Deliberations Secure GOP Support\">executive pay<\/a>, the compensation structure is more egregious against the backdrop of the strike.&#8221; Stiehm also pointed out that if Netflix could afford to pay over $166 million for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-cabinet-could-delay-tax-bills\/\" title=\"Biden's Cabinet Could Delay Tax Bills\">executive compensation<\/a> last year, they could certainly afford to pay $68 million per year to the writers who are seeking better compensation for themselves.<\/p>\n<\/blockquote>\n<p>For 2023, Netflix Executive Chairman Reed Hastings is reportedly slated to receive a $500,000 salary, along with $2.5 million in stock, while co-CEOs Ted Sarandos and Greg Peters will be paid an annual salary of $3 million. Sarandos is set to collect an additional $20 million in stock along with the possibility of a bonus of up to $17 million. Peters will receive $17.3 million in stock and up to $14.3 million in bonus pay.<\/p>\n<p>While the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/anglogold-shifts-primary-listing-to-us-completing-s-africa-exit\/\" title=\"AngloGold moves main listing to US, exits South Africa.\">shareholders&#8217; vote<\/a> is nonbinding and Netflix&#8217;s board can proceed with payment plans, the streaming company has stated that it will report the vote in a regulatory filing. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-people-have-spoken-voters-strip-away-layers-of-pennsylvania-governors-emergency-powers\/\" title=\"\u2018The People \u2026 Have Spoken\u2019: Voters Strip Away Layers Of Pennsylvania Governor\u2019s Emergency Powers\">final vote tally<\/a> will then be revealed. It&#8217;s worth noting that in 2022, Netflix investors also rejected the company&#8217;s executive pay package with only 27% support.<\/p>\n<p>If you&#8217;re interested in learning more about this story, click <a href=\"https:\/\/www.washingtonexaminer.com\/news\/netflix-shareholders-reject-executive-compensation-packages\">here<\/a> to read the full article from the Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Netflix shareholders rejected proposed 2023 pay packages for top executives, in solidarity with the Hollywood Writers Guild of America strike. The vote opposes excessive compensation and supports fair pay. Meanwhile, a question for Trump may impact the 2024 GOP nomination race.<\/p>\n","protected":false},"author":1,"featured_media":1942586,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[4363,5311,5158,10084,8038],"class_list":["post-1942585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-executives","tag-investors","tag-netflix","tag-reject","tag-salaries"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1942585"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1942586"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1942585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1942585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1942585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}