Netflix Deny Executives Millions of Dollars in Bonuses

Shareholders deny Netflix approval of obscene bonuses amid writers strike.

The WGA can celebrate a small win today after they applied pressure to Netflix shareholder’s who were trying to push through $166 million in corperate bonuses.

In contrast the WGA stated via Twitter the writers strike would end if Netflix would agree to a $68 million a year contract.

These Netflix packages have been unpopular before as they only benefit a handful of executives and last year a similar bonus scheme was only approved by 27% of shareholders.

If approved this would have caused additional animosity as it proves Netflix have the financial power to end the writers strike.

The WGA is also putting pressure on Comcast Corp (the parent company of NBC Universal) The group is holding its annual shareholder meeting next Wednesday, June 7.

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