“CEO compensation of the largest and most visible publicly traded companies in the United States has long been controversial. … What’s different now is that there might actually be a modest sea change in the works," legal department consultant Jason Winmill said.
December 11, 2023 at 10:09 AM
5 minute read
Netflix revealed late Friday that it has overhauled its executive compensation program, the latest sign that tech giants are taking to heart investor criticism over how and how much they pay top brass.
The changes force Netflix executives to take more of their pay in stock instead of salary, thereby linking compensation more closely with performance.
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Los Gatos, California-based Netflix says it opted to alter its long-standing approach to executive pay after it garnered only 27% shareholder support at the company’s annual meeting in June. Credit: Jason Doiy/ALM
