Las Vegas Sun NewsMGM Resorts extends contract with CEO James Murren
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8 November 2012
2:56 p.m.
Casino resort operator MGM Resorts International today said Chairman and CEO James Murren has signed a new employment agreement extending through the end of 2016. The contract provides for a minimum base salary of $2 million per year and opportunities for bonuses. Murren’s earlier contract was set to expire in April 2013. Murren, who had been chief financial officer at MGM Resorts, became chairman and CEO in December 2008 upon the retirement of Terry Lanni.
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Hopefully any "bonus" is based on stock performance and nothing else. Shareholders have taken a beating with Murren and Baldwin at the helm.
unbelievable--the guy who brought you the black hole called "city center".....this just shows there is no accountability in this country anymore....titanic mistake one after another is rewarded.
You two obviously don't know what you are talking about. The stock price is at about what it was when he took over CEO in 2008. City Center was opened during one of the worst economic conditions this country has ever seen and has improved operating results since its opening. Would you rather the property just sit like Echelon? Maybe do a little research before making such ridiculous comments.