WGA letters to shareholders

 

Writers Guild of America (WGA) President Meredith Stiehm sent letters to major shareholders of both Netflix and Comcast, urging them to vote against executive compensation packages.  Comcast CEO Brian Roberts received compensation of around $32 million in 2022, while both Netflix CEOs Ted Sarandos and Reed Hastings earned over $50 million last year. Comcast shareholders will come together for their annual meeting on June 7; Netflix shareholders meet on June 1. In the letters, Stiehm notes that Comcast spent $130 million on executive compensation last year, compared to the estimated $34 million-per-year that writers are demanding to end the strike. Stiehm also noted that the strike has disrupted Hollywood productions, blocking the companies' content pipelines and ultimately impacting their bottom lines.