Netflix Sued By Pension Plan For Alleged Bogus Bonuses To Top Executives

Netflix executives were awarded sham bonuses in order to take advantage of tax law loopholes, according to a lawsuit filed by the City of Birmingham Relief and Retirement System, a company shareholder. The federal lawsuit, filed in US District Court in San Francisco, alleges Netflix gave "multi-million dollar windfalls" to certain executives, including top content man Ted Sarandos, based on easily achieved milestones. "Through their conduct, Defendants rigged the…

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