Quote:
Originally Posted by Cinema84
Lol at Netflix shutting down their DVD rental business because it "only" made 146 million last year. Many companies would kill for that kind of business.
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Maybe they need that money for executive bonuses:
https://www.cnn.com/2023/06/02/inves...pay/index.html
The highlights:
Netflix’s proposed executive pay packages for 2023 included up to
$40 million for Sarandos, including base salary, a performance bonus and stock options.
Peters could receive up to $34.6 million.
Reed Hastings, who stepped down as Netflix (NFLX) CEO in January and now serves as the company’s executive chairman, would bring home about $3 million for the year.
Other Netflix executives are expecting big payouts in 2023. According to the proposal,
Netflix CFO Spencer Neumann would receive $14 million, chief legal officer David Hyman would get $11 million and chief communications officer Rachel Whetstone is on track to receive $6.5 million.
The median Netflix employee made $218,400 in 2022, according to a Securities and Exchange Commission filing. That would make the ratio of CEO pay to median employee pay 234 to 1.
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