Meredith Stiehm Netflix Hollywood reports president google BLOCK Enterprise Meredith Stiehm Netflix

WGA Urges Netflix & Comcast Shareholders To Reject Pay Hikes For Companies’ Top Executives In Light Of Ongoing Strike

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SEO WGA West President Meredith Stiehm is urging Netflix and Comcast stockholders to reject pay raises for the companies’ top executives at their upcoming shareholders meetings, saying that approving the proposed pay packages is “inappropriate in light of the ongoing WGA writers’ strike.” The Netflix shareholders meeting will be held on Thursday and Comcast will hold its on June 7. “While investors have long taken issue with Netflix’s executive pay,” Stiehm wrote in a letter to Netflix shareholders, “the compensation structure is even more egregious against the backdrop of the strike.

In the midst of a disruptive labor dispute, Netflix is asking shareholders to give retroactive advisory approval of the company’s 2022 reported executive compensation totaling over $166 million.

By contrast, the proposed improvements the WGA currently has on the table would cost Netflix an estimated $68 million per year.

I urge you to vote against Proposal 3 and encourage Netflix to put an end to the disruptive strike.” In a similar letter sent to Comcast shareholders (read it here), she wrote that “In the midst of the strike’s disruption, Comcast is asking shareholders to give retroactive advisory approval of the company’s 2022 reported executive compensation totaling over $130 million.

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