Netflix investors voted against rich pay packages for the company's top execs amid the ongoing Hollywood writers' strike
Last year, only 26.9% of voted shares approved the pay packages for Netflix's top executives, which led the company to hold discussions with investors, according to the annual proxy statement. The company has since instituted a $3 million salary cap for its co-CEOs and has tied 50% of the compensation for Hastings, Peters, and Sarandos to the company's stock, among other changes to its executive compensation structure.
Disclosure: Mathias Döpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member.Subscribe to push notifications
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