Live Nation Entertainment CEO Michael Rapino's 2020 pay falls 67% to $4.8M
Live Nation Entertainment reports 2020 executive compensation
By ExecPay News
Published: April 27, 2021
Live Nation Entertainment reported fiscal year 2020 executive compensation information on April 27, 2021.
In 2020, five executives at Live Nation Entertainment received on average a compensation package of $2M, a 59% decrease compared to previous year.
Michael Rapino, Chief Executive Officer, received $4.8M in total, which decreased by 67% compared to 2019. 61% of Rapino's compensation, or $2.9M, was in stock awards. Rapino also received $1.7M in salary and $216K in other compensation.
For fiscal year 2020, the median employee pay was $57,195 at Live Nation Entertainment. Therefore, the ratio of Michael Rapino's pay to the median employee pay was 84 to one.
Kathy Willard, Chief Financial Officer, received a compensation package of $2.5M, which decreased by 14% compared to previous year. 73% of the compensation package, or $1.8M, was in stock awards.
Joe Berchtold, President, earned $1.5M in 2020, a 63% decrease compared to previous year.
Michael Rowles, General Counsel, received $748K in 2020, which decreases by 64% compared to 2019.
Brian Capo, Chief Accounting Officer, earned $405K in 2020, a 34% decrease compared to previous year.