AMC Entertainment shareholders have sent a message to the company’s CEO, Adam Aron, by voting decisively to reject his compensation package.
In an SEC filing, the company said the vote yesterday at the company’s shareholder meeting was conducted “on a non-binding advisory basis,” meaning it doesn’t compel AMC to take any action.
Aron’s total pay fell to 18.9 million in 2021 from 20.9 million in 2020. Given a chance to weigh in on the compensation of Aron and his C-suite colleagues, however, the holders of 86.9 million shares voted against it, with 52.1 million in favor and 5.9 million abstaining.
Executive compensation in the media sector has continued to be among the richest in corporate America, but shareholders have not taken many significant steps to curtail it, at least through formal channels. The 2021 paydays of Warner Bros Discovery CEO David Zaslav and Endeavor Group CEO Ari Emanuel did prompt a lot of rumblings by soaring into nine-figure territory,...
In an SEC filing, the company said the vote yesterday at the company’s shareholder meeting was conducted “on a non-binding advisory basis,” meaning it doesn’t compel AMC to take any action.
Aron’s total pay fell to 18.9 million in 2021 from 20.9 million in 2020. Given a chance to weigh in on the compensation of Aron and his C-suite colleagues, however, the holders of 86.9 million shares voted against it, with 52.1 million in favor and 5.9 million abstaining.
Executive compensation in the media sector has continued to be among the richest in corporate America, but shareholders have not taken many significant steps to curtail it, at least through formal channels. The 2021 paydays of Warner Bros Discovery CEO David Zaslav and Endeavor Group CEO Ari Emanuel did prompt a lot of rumblings by soaring into nine-figure territory,...
- 6/17/2022
- by Dade Hayes
- Deadline Film + TV
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