“Oh no, the executives! Isn’t anyone ever going to think about the executives?” That is possibly what Ted Sarandos, Reed Hastings and Greg Peters want us to think when faced with a story that feels like a big little win for the writers on strike: After all the terrible decisions made by Netflix in recent times, its shareholders have decided vote against paying them a compensation package. To understand each other: a few million dollars more. Just what they needed.
I’m happier with the dollar
Let’s put ourselves in a situation with astronomical figures: last year, Reed Hastings pocketed 50 million dollars between his salary and the shares of the company For his part, Ted Sarandos will earn about 40 this year and the new CEO barely 35. To put it in silver, if we earned 2500 euros a month it would take 833 years in arriving at what they earn in one.
Therefore, it does not seem that they are going to suffer from this setback produced by two things: firstly, his position in the writers’ strike, in which Netflix has been planted as the main cause of the problem with residual payments. The WGA asked the shareholders to deny this compensation package and, it seems, they have complied. Second, and more important, the drop in public opinion after his plan not to share passwordswhich we know so well in Spain, was also established in the United States.
It remains to be seen if Netflix’s firefighter idea is going to cause more or fewer subscribers, but it wouldn’t hurt to remember that if the streaming service stands out for something, it’s for know how to always manipulate the numbers in your favor. In reality, the three CEOs could ignore this vote, which is just a shareholder opinion, and continue to collect the big bucks, but the chances are that they will pay the mortgage and have food in the fridge for this month, so they will accept the touch of attention so as not to anger them. Touching their pockets will be the key to solving their problems? We will have to see it.
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