Susan Rice, who left her post as domestic policy advisor to President Biden last May, has rejoined Netflix’s board of directors.
In two-plus years in the Biden Administration, Rice oversaw a number of complex and controversial initiatives related to immigration, gun control and student loan relief. She had previously served as President Barack Obama’s national security adviser and U.N. ambassador.
Netflix announced that Rice was leaving Netflix’s board in January 2021 after having been appointed in 2018. The streaming giant disclosed her return Friday in an SEC filing, saying she will get an annual retainer of $300,000, which will be paid monthly and prorated for the duration of 2023.
Rice’s relationship with Netflix drew scrutiny during the 2020 presidential campaign when sold some of her shares in the streaming giant amid talk she might be a potential running mate of Joe Biden. SEC filings indicated she owned about 4,000 shares at...
In two-plus years in the Biden Administration, Rice oversaw a number of complex and controversial initiatives related to immigration, gun control and student loan relief. She had previously served as President Barack Obama’s national security adviser and U.N. ambassador.
Netflix announced that Rice was leaving Netflix’s board in January 2021 after having been appointed in 2018. The streaming giant disclosed her return Friday in an SEC filing, saying she will get an annual retainer of $300,000, which will be paid monthly and prorated for the duration of 2023.
Rice’s relationship with Netflix drew scrutiny during the 2020 presidential campaign when sold some of her shares in the streaming giant amid talk she might be a potential running mate of Joe Biden. SEC filings indicated she owned about 4,000 shares at...
- 9/8/2023
- by Dade Hayes
- Deadline Film + TV
Susan Rice has rejoined Netflix’s board of directors, after leaving the Biden administration this spring,
Netflix said in an SEC filing Friday that Rice’s appointment to the board occurred on Sept. 6, effective immediately. She will hold office as a Class I director with a term expiring at the company’s annual meeting of stockholders in 2024. Rice has not yet been appointed to serve as a member of any board committees.
Rice will receive an annual retainer of $300,000 as compensation for her service as Netflix director, which will be payable monthly and prorated for the remainder of 2023.
Rice, an alum of the Obama administration, had previously joined Netflix’s board in March 2018 before announcing in December 2020 that she was joining Biden’s White House as director of domestic policy. Netflix has other ties to the Obamas, including most directly through its overall deal inked in 2018 with Barack and Michelle Obama...
Netflix said in an SEC filing Friday that Rice’s appointment to the board occurred on Sept. 6, effective immediately. She will hold office as a Class I director with a term expiring at the company’s annual meeting of stockholders in 2024. Rice has not yet been appointed to serve as a member of any board committees.
Rice will receive an annual retainer of $300,000 as compensation for her service as Netflix director, which will be payable monthly and prorated for the remainder of 2023.
Rice, an alum of the Obama administration, had previously joined Netflix’s board in March 2018 before announcing in December 2020 that she was joining Biden’s White House as director of domestic policy. Netflix has other ties to the Obamas, including most directly through its overall deal inked in 2018 with Barack and Michelle Obama...
- 9/8/2023
- by Todd Spangler
- Variety Film + TV
Here’s one for corporate-governance wonks: A majority of shares cast by Netflix shareholders at the company’s June 6 annual stockholders meeting were in favor of changing the bylaws to elect directors by a simple majority — but the measure failed, because it did not meet Netflix’s supermajority voting requirement.
Netflix disclosed the results of the votes at the shareholder meeting in an SEC filing Friday. Of shares voted on the proposal to adopt simple-majority voting for directors, 71.7% were in favor. However, that failed to meet the requirement that two-thirds of outstanding shares of common stock vote affirmatively for a measure to pass.
Currently, Netflix uses a plurality voting standard for directors, which allows nominees to be elected even if a majority of shareholders oppose them. The same measure to switch to simple-majority director elections was proposed last year — and also failed.
Some activist investors have been frustrated that Netflix...
Netflix disclosed the results of the votes at the shareholder meeting in an SEC filing Friday. Of shares voted on the proposal to adopt simple-majority voting for directors, 71.7% were in favor. However, that failed to meet the requirement that two-thirds of outstanding shares of common stock vote affirmatively for a measure to pass.
Currently, Netflix uses a plurality voting standard for directors, which allows nominees to be elected even if a majority of shareholders oppose them. The same measure to switch to simple-majority director elections was proposed last year — and also failed.
Some activist investors have been frustrated that Netflix...
- 6/8/2018
- by Todd Spangler
- Variety Film + TV
Executive exits after seven years at helm as Tomb Raider stumbles in North America.
MGM chairman and CEO Gary Barber has departed the company after seven-and-a-half years in a shock move announced on Monday night (March 19). No reason for Barber’s departure was given at time of writing.
MGM’s lacklustre recent track record at the box office, capped by the weekend’s disappointing $26.3m North American launch of the Tomb Raider reboot, would seem to be a contributing factor in Barber’s exit. Adding to the surprise is the fact that last year he extended his contract to 2022.
The...
MGM chairman and CEO Gary Barber has departed the company after seven-and-a-half years in a shock move announced on Monday night (March 19). No reason for Barber’s departure was given at time of writing.
MGM’s lacklustre recent track record at the box office, capped by the weekend’s disappointing $26.3m North American launch of the Tomb Raider reboot, would seem to be a contributing factor in Barber’s exit. Adding to the surprise is the fact that last year he extended his contract to 2022.
The...
- 3/20/2018
- by Jeremy Kay
- ScreenDaily
Executive departs after eight years at helm as Tomb Raider stumbles in North America.
MGM chairman and CEO Gary Barber has departed the company after eight years in a shock move announced on Monday night (March 19). No reason for Barber’s departure was given at time of writing.
MGM’s lacklustre recent track record at the box office, capped by the weekend’s disappointing $26.3m North American launch of the Tomb Raider reboot, would seem to be a contributing factor in Barber’s exit. Adding to the surprise is the fact that last year he extended his contract to 2022.
The...
MGM chairman and CEO Gary Barber has departed the company after eight years in a shock move announced on Monday night (March 19). No reason for Barber’s departure was given at time of writing.
MGM’s lacklustre recent track record at the box office, capped by the weekend’s disappointing $26.3m North American launch of the Tomb Raider reboot, would seem to be a contributing factor in Barber’s exit. Adding to the surprise is the fact that last year he extended his contract to 2022.
The...
- 3/20/2018
- by Jeremy Kay
- ScreenDaily
Veteran entertainment executive Ann Mather is likely to join the board of Metro-Goldwyn-Mayer once the cash-strapped studio emerges from bankruptcy, TheWrap has confirmed. Mather is best known for her five year stint as the chief financial officer of Pixar. After leaving the animation house in 2004, Mather joined the boards of Google, Netflix, and mobile game maker Glu Mobile. Bankruptcy filings reveal that MGM has tapped a combination of new and old media executives, as well as former creditors, for its overhauled board of directors. Jason O. Hirschhorn, co-president of MySpace, and former...
- 12/1/2010
- by Brent Lang
- The Wrap
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.