Netflix Shareholders Push to Separate Chairman, CEO Roles

Netflix shareholders meet at the company's annual meeting Monday. One of the items on the bill will be a vote to determine whether to separate the roles of chairman and CEO, a position currently held by Netflix co-founder Reed Hastings. Supporters to separate the roles include Calpers, the California public pension fund, and Scott M. Stringer, New York City's comptroller and the overseer of the city's pension funds. A similar proposal last year garnered a 73% approval vote, though the result did not rouse the company to change policy. Arguing for the company structure to remain the same, management points to its current model as having served the company well since the online streaming service went public in 2004.