For the international contemporary live music industry

Rapino reaches Top 3 in pay chart

World News
June 22, 2018
Michael Rapino

Live Nation Entertainment president and CEO Michael Rapino was the third highest paid chief executive in the US in 2017, with earnings amounting to $70.6 million, according to the Equilar 200 Highest Paid CEO Rankings, compiled annually for The New York Times.

CEO pay was calculated based on salary, bonus, stock awards and options, deferred compensation and other benefits and perks. Rapino’s 2017 earnings included a basic salary of $2.4m, a $7.7m cash bonus, $58.6m in stock options, $1.7m in other options, a $1m bonus for the company achieving its goals for adjusted operating income and $80,000 in perks, as filed with the Securities & Exchange Commission (SEC).

The survey was limited to publicly-traded companies with more than $1 billion in revenue, which had filed statements with SEC between 1 January and 30 April 2018. CEOs also had to be in their current position for at least two years.

Equilar is an executive consulting and data firm.

Other Stories

PledgeMusic in crisis

February 6, 2019
UNITED KINGDOM   After crowd-funding platform PledgeMusic admitted falling behind in in payments to projects undertaken by artistes, the Musicians’ Union has advised members to…
Read more

Elvis may have left the building, but …

February 6, 2019
UNITED STATES                           Live Nation Entertainment (LNE) and Elvis Presley Enterprises (EPE) are…
Read more