It was a year of pain for the entertainment industry and shareholders of (many) media companies with brutal months-long Hollywood strikes, and layoffs. Linear television continued to decline and a nascent theatrical recovery went sideways. Most CEOs saw pay packages rise in 2023, some by big multiples. “The pay is egregious, but it is something … Read more
Netflix co-CEO Ted Sarandos saw a 2023 compensation package valued at $49.8 million, down a hair from the year before but with one big change — he took more in stock option awards than in cash as the streamer shifts its pay policies. Sarandos had a $3 million base salary for last year, up from … Read more
AMC Entertainment chief executive Adam Aron saw a 2023 compensation package of $25.4 million — up from $23.7 million a year ago – inflated by stock awards worth $17.9 million along with a cash bonus of $6 million bonus and a $1.5 million base salary. In a proxy statement filed with the SEC, the compensation … Read more
A Delaware Chancery Court judge today has voided Elon Musk‘s 2018 Tesla pay package, siding with shareholders who sued the board over the compensation agreement, calling it “the largest in human history.” Chancellor Kathaleen Mccormick is same judge who shepherded months of contentious discovery in the billionaire’s legal battle with Twitter, now X. The pay case … Read more
Netflix said today it plans to award its co-chief operating officers identical compensation packages for 2024 worth $40 million each. Ted Sarandos and Greg Peters will receive a $3 million base salary; a target bonus of $6 million; a RSU award with a total value of $15.5 million and a PSU award also valued at … Read more
