Adelson Earns Double In 2010
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Billionaire Sheldon Adelson was paid $11.4 million as chief executive of casino developer Las Vegas Sands Corp in 2010, which was double his 2009 pay thanks to his first cash bonus in three years.
An Associated Press analysis of a Sands regulatory filing on Friday shows Adelson’s pay package included a $1 million salary, $1.8 million in options, a $5.7 million performance-based bonus and nearly $2.9 million in perks.
Adelson, who along with his family controls more than half the company’s shares, had not received a cash bonus since 2007. This year, as Sands became the world’s largest publicly traded gambling company by opening a new resort in Singapore, he got one again.
The AP’s calculation counts salary, bonuses, perks, stock and options awarded to the executive during the year.
Copyright 2011 The Associated Press.