James Dolan Signs 3-Year Contract to Remain MSG Entertainment CEO Through June 2027
Dolan will be paid a based salary of $1.5 million per year and is expected to receive one or more incentive awards worth at least $8.6 million.
Dolan will be paid a based salary of $1.5 million per year and is expected to receive one or more incentive awards worth at least $8.6 million.
Investors also voted to approve the reelection of Bill Ackman, Cyrille Bollore and others as non-executive directors at the company’s annual meeting.
Billboard’s annual Executive Money Makers ranking shows music’s top executives were paid handsomely post-pandemic in 2022 — and some shareholders are not happy.
The CEO has offloaded 675,000 shares in the company, according to a new Securities & Exchange Commission filing.
More than 53% of votes cast rejected 2022 compensation packages for Rapino and other top executives.
Investors re-appointed Grainge as executive director and also approved Sherry Lansing, Luc van Os and Haim Saban as non-executive directors.
The pay bump, which includes a signing bonus and a performance bonus, comes amid a rocky time for the company.
The agreement takes the executive from an all-cash compensation package to one that combines cash and equity, including a one-time transition equity award worth $100 million.
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