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Top related persons:
Ted Sarandos - 1 Greg Peters - 1 ” - 1 Meredith Stiehm - 1 Frederic J . Brown - 1 Peters - 1 Reed Hastings - 1 Spencer Neumann - 1
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☆ Netflix shareholders reject sky-high executive pay packages
  + stars: | 2023-06-02 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +3 min
New York CNN —Netflix shareholders voted on Thursday to reject multi-million dollar pay packages for the company’s top executives including for co-CEOs Ted Sarandos and Greg Peters. Frederic J. Brown/AFP/Getty ImagesNetflix’s proposed executive pay packages for 2023 included up to $40 million for Sarandos, including base salary, a performance bonus and stock options. Netflix’s board, meanwhile, is able to disregard the results of this “say on pay” vote and approve executive compensation plans in spite of shareholder wishes. The board has already unanimously recommended voting for the pay packages. Last year, just 27% of Netflix shareholders approved of 2022 executive compensation packages.
Persons: Ted Sarandos, Greg Peters, ”, Meredith Stiehm, Frederic J . Brown, Peters, Reed Hastings, Spencer Neumann, David Hyman, Rachel Whetstone Organizations: New, New York CNN, Netflix, Writers Guild of America, Hollywood, WGA, Guild of America, Comcast, Getty, Securities and Exchange Commission Locations: New York, Hollywood , California, AFP
☆ Netflix insiders applaud new co-CEO Greg Peters, 'the only real visionary' in the C-suite, but scratch their heads over what other exec changes mean for the company
  + stars: | 2023-01-20 | by ( Elaine Low | Lucia Moses | Claire Atkinson | ) www.businessinsider.com   time to read: +5 min
Netflix's elevation of Greg Peters to co-CEO shows the importance of its advertising sales effort. But Bela Bajaria's rise to content chief has caused some confusion about the future of the TV and film organization. The Netflix veteran now shares the role with current co-CEO Ted Sarandos, as company cofounder Reed Hastings steps down and settles into an executive chairman position. The move made a lot of sense to industry insiders, and even publicly, Netflix had been signaling the ascension for some time. Netflix insiders said Bajaria's new title underscored the importance of TV versus film in the streaming wars.
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