Caesars Entertainment Corp. awarded its chief executive officer $29.4 million in compensation for 2017, the year the casino operator emerged from bankruptcy.
Mark Frissora received a $2 million salary, $4.5 million cash bonus, $16.5 million in retention-restricted stock, a long-term cash award of $6 million and $400,000 for repriced options, the Las Vegas-based company said April 10 in a regulatory filing.
Repricing options isn’t considered a best corporate practice, according to the Council of Institutional Investors, and Caesars said it plans to stop doing so as of May. But to enhance retention during restructuring, the compensation committee — acting ...
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