![]() Some discussions contain forward looking statements which are based on current expectations and differences can be expected. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. Our research is based on sources that we believe to be reliable. ![]() Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing here in constitutes a recommendation respecting the particular security illustrated. Any trades shown are hypothetical example and do not represent actual trades. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Practical application of the products herein are at your own risk and, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. This product is for educational purposes only. Talks begin on June 7 with SAG-AFTRA, which represents actors.Disclaimer: Past performance is no guarantee of future performance. The Alliance of Motion Picture and Television Producers, which is representing streamers like Netflix and the studios in negotiations, is currently in talks with the Directors Guild, whose current contract expires on June 30. The use of artificial intelligence is another stumbling block. Contract talks ended on May 1, after they reached an impasse over improved pay and residuals and changes in working conditions. ![]() The union has been applying pressure on media companies to coax them back to the bargaining table. Endeavor CEO Ari Emanuel and Warner Bros Discovery CEO David Zaslav ranked in the top 10 of Equilar's 2022 study of the largest pay packages awarded to chief executives of publicly traded companies. The union has made executive compensation for Hollywood executives an issue in negotiation. Peters will collect $17.3 million in stock and a bonus of up to $14.3 million. Sarandos stands to receive an additional $20 million in stock, and is eligible for a bonus of up to $17 million. Co-CEOs Ted Sarandos and Greg Peters will each collect an annual salary of $3 million. This year, Executive Chairman Reed Hastings is set to receive a $500,000 salary and $2.5 million in stock. Last year, the company's executive pay package won support from just 27% of the shareholder votes cast.Īfter last year's vote, Netflix said it made changes including instituting a salary cap for its co-chief executives and a performance-based bonus plan. The company said the vote tally would be reported in a regulatory filing. Netflix shareholders withheld support for the executive compensation structure for 2023, in a non-binding "say on pay" vote. Stiehm wrote that if Netflix had the resources to spend more than $166 million on executive compensation last year for its top executives, it can afford to pay $68 million a year to writers seeking in better compensation. The union sent a similar letter to NBCUniversal parent Comcast Corp (CMCSA.O), which holds its annual shareholder meeting on June 7. "While investors have long taken issue with Netflix's executive pay, the compensation structure is more egregious against the backdrop of the strike," wrote Writers Guild West President Meredith Stiehm. The Writers Guild of America West had urged investors to vote against the compensation offered to Netflix's top executives, arguing such a vote would be "inappropriate" during the strike, which has entered its fifth week. June 1 (Reuters) - Netflix Inc (NFLX.O) shareholders on Thursday withheld their support for the company's executive pay package, in a non-binding vote that followed a call by striking Hollywood writers to reject the proposed 2023 compensation.
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