Tags: las vegas | sands | ceo | adelson | salary

Las Vegas Sands Gives Billionaire CEO Adelson 400 Percent Salary Bump

Las Vegas Sands Gives Billionaire CEO Adelson 400 Percent Salary Bump
Chief Executive of Las Vegas Sands Corporation Sheldon Adelson is seen at a business roundtable with Japanese Prime Minister Shinzo Abe at the U.S. Chamber of Commerce in Washington, Friday, Feb. 10, 2017. (Andrew Harnik/AP)

Thursday, 07 September 2017 08:20 PM

Las Vegas Sands Corp. Chief Executive Officer Sheldon Adelson is adding to his chip stack.

The billionaire signed a new employment agreement with the casino operator that increased his salary fivefold to $5 million, and he can earn a bonus of as much as $12.5 million if the company beats its target for earnings before interest, taxes, depreciation and amortization, the firm said Thursday in a regulatory filing.

His old contract provided for a maximum bonus of $7.89 million.

As a result, Adelson, 84, will have the biggest annual salary among CEOs in the S&P 500, data compiled by Bloomberg show. His net worth is $32.6 billion, according to the Bloomberg Billionaires Index.

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Las Vegas Sands Corp. Chief Executive Officer Sheldon Adelson is adding to his chip stack.
las vegas, sands, ceo, adelson, salary
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2017-20-07
Thursday, 07 September 2017 08:20 PM
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