Caesars CEO made $5.6 mil. in 2010
By Amanda Finnegan, Las Vegas Sun
Gary Loveman took home about $5.9 million in 2010 in his role as Caesars Entertainment chairman and CEO, slightly less than the compensation package he received in 2009.
According to a Securities and Exchange Commission filing, Loveman’s compensation package included a base salary of $1.9 million, $2.7 million in non-equity compensation and $1.27 million in all other compensation, which mainly included security, use of the company aircraft and lodging.
The Sun calculates total compensation based on an executive’s base salary, bonus, non-equity compensation, change in pension, all other compensation, options exercised and stocks vested. The Sun does not include stock and option awards until the stocks vest or options are exercised.
I stayed at Caesar’s in Vegas recently. With the prices they charge, I’ve got to think they profit plenty to cover Mr. Loveman’s huge compensation package. The hotel was sold out and the casino was packed so he must be doing something right (I guess).
I will bet he had no Union representing
him. I don’t think his compensation will have any effict on our TAX’s. His is earned!
It was better to give G.Love the money up front or he use his Good luck He’s had as a Professional Gambler win it anyway,They gave him a Job,Title, to keep him out their Joints.
His Philosophy is ,it’s takes one to know one.