Live Nation shareholders have voted against chief executive Michael Rapino’s $139m pay package after rejecting executive compensation proposals. Around 54% voted against the pay plans for the group’s leader and other C-suite executives in a vote earlier this month. Rapino was slated to earn a $12m cash performance bonus for 2022 and stock awards of …
Rapino renews deal to remain Live Nation CEO
Michael Rapino has signed a five-year contract extension to remain the chief executive of Live Nation. According to Hollywood Reporter, Rapino’s salary will remain unchanged at $3m per year. However, the annual target cash bonus, based on certain metrics, has leapt from $6m to $17m per year. From 2023, he will also be eligible for …
Live Nation Entertainment’s Michael Rapino sells $88m worth of shares
Live Nation Entertainment (LNE) chief executive Michael Rapino sold 78,000 shares of the company’s stock in a transaction on Friday, April 22. According to a United States Securities and Exchange Commission Statement of Changes in Beneficial Ownership, shares sold for an average price of $106.41 (£84/€99) with all sales amounting to $8.3m. Rapino now owns …