The NewsNetflix shareholders voted on Thursday to reject the lucrative pay packages of the company’s leaders, including the co-chief executives Ted Sarandos and Greg Peters. The vote is nonbinding and can be overruled by the company’s board of directors the next time it meets. Mr. Sarandos’s proposed pay package for 2023 would be worth up to $40 million through a combination of base salary, a performance bonus and stock options. Mr. Peters, who was named co-chief executive in January after Reed Hastings stepped down from the role, is set to receive up to $34.6 million. And Mr. Hastings, who became executive chairman, is on track to earn $3 million for the year.

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Persons: Ted Sarandos, Greg Peters, Sarandos’s, Peters, Reed Hastings, Hastings Organizations: Netflix, Writers Guild of America