The vote is non-binding, but could spur engagement from the company with shareholders.
, and Greg Peters, who was COO of the company last year and was elevated to the co-CEO role earlier this year.
The “no” vote on the “Say on Pay” proposal is non-binding, but in the past such no votes have led to changes in how executive pay is handed out in the future. It was not immediately clear how wide a margin the vote failed by. In fact, Netflix dealt with this exact issue in 2019, engaging with shareholders after they rejected its compensation plans.
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