Netflix Inc (NFLX.O) shareholders withheld their approval for the company’s CEO pay package on Thursday in a non-binding vote, after a strike call by Hollywood authors to protest the proposed 2023 remuneration.
The Writers Guild of America West asked investors to vote against the remuneration package provided to Netflix’s senior executives, claiming that such a vote would be “inappropriate” during the strike, which is now in its fifth week.
“While investors have long been critical of Netflix’s executive compensation, the compensation structure is even more egregious in light of the strike,” stated Writers Guild West President Meredith Stiehm.
The union also wrote to NBCUniversal parent company Comcast Corp, which conducts its annual shareholder meeting on June 7.
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