Netflix shares have voted to reject lucrative compensation packages for the streaming firm's top executives in a largely symbolic vote.
Netflix's NFLX board has unanimously recommended the pay packages and can overrule the vote the next time it meets.
The Writers Guild of America, whose members are striking over issues including pay, has urged shareholders to deny the pay plans.
While investors have long taken issue with Netflix's executive pay, the compensation structure is less egregious against the backdrop of the strike, WGA West President Meredith Stiehm said in a letter to investors earlier this week. Under the proposed proposal, Netflix co-CEO Ted Sarandos would receive about $40 million in total compensation in 2023, including base salary, stock options and bonuses, and co-CEO Greg Peters would receive $34.6 million and former CEO and current Executive Chairman Reed Hastings would receive around $3 million. Stiehm also wrote a similar letter to Comcast Corp. CMCSA, shareholders who will vote on executive compensation next week.