Shareholders of video-streaming service
Netflix
voted against the pay packages for executives, including co-CEOs Greg Peters and Ted Sarandos, Bloomberg reported.
The nonbinding vote, seen as a protest against high compensation, took place during an annual meeting, the report said, citing unidentified people familiar with the situation.
Netflix’s
(ticker: NFLX) board can disregard the results.
Sarandos is set to make as much as $40 million with his salary, bonus, and stock options. Peters is in line for about $35 million, while Netflix co-founder and executive chairman Reed Hastings will earn $3 million.
The vote comes after the Writers Guild of America started a strike for better pay and conditions in early May.
Netflix declined to comment on the report.
Write to Brian Swint at brian.swint@barrons.com
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