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Netflix Board approves executive compensation plan for 2024, with joint CEO compensation package totaling $40 million

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On December 8th local time, Netflix disclosed in a document submitted to the US Securities and Exchange Commission (SEC) that the board of directors compensation committee had approved the 2024 executive compensation plan, with a total package of $40 million for co CEOs. According to the compensation plan, the company's executives no longer have the authority to determine the distribution ratio of their compensation between cash and stock options. In addition, the committee sets a fixed basic salary for executives, with a joint CEO's basic annual salary of $3 million and a total compensation package of $40 million; The basic annual salary of the Executive Chairman is $100000, with a total salary package of $1 million; The basic annual salary of other management personnel is 1.5 million US dollars, and the total salary package is 11 million US dollars.
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