The vote, which is non-binding, comes amid a strong bounceback for a company that lost more than half its value in 2022 as people started to venture out after years of pandemic isolation. Last year, consumers turned their back on price increases for streaming services like Netflix, and investors began to criticize the company for paying through the nose for content while customers were leaving.
The Writers Guild of America has targeted high executive compensation as a key issue in its ongoing bargaining tactics. The union sent a similar letter about pay proposals to NBCUniversal parent Comcast\n \n , which will hold its annual shareholder meeting next week. Netflix’s proposed executive pay packages for 2023 included up to $40 million for Sarandos, including base salary, a performance bonus and stock options. Peters could receive up to $34.6 million.
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