Netflix shareholders vote to reject executives' pay packages
CBSN
Netflix shareholders voted against compensation packages for the streaming company's top executives, including co-CEOs Ted Sarandos and Greg Peters.
Shareholders voted on the non-binding "say-on-pay" advisory measure at Netflix's annual meeting on Thursday, with the result coming just days after the the Writers Guild of America, a union representing striking entertainment industry writers, urged shareholders to say no.
But because the vote is non-binding, the company's board may ignore its outcome and approve the compensation packages at its next board of directors meeting.
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