In a regulatory filing on Friday, the company said Chief Executive Officer Adam Aron would receive $3.75 million as bonus, while other top executives are entitled to bonuses of $173,000 to $507,000.
The move comes at a time when cinema chains like AMC have taken a blow due to coronavirus-led restrictions that caused delays in film releases. The company staved off bankruptcy through a debt restructuring deal last year. Shares of the Leawood, Kansas-based company were also one of the “stonks” whose wild ride captivated investors several weeks ago and during which its share price surged more than 860% compared with the beginning of the year, at its highest.Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel
AMC is still a private company. They do whatever with their monies. Sadly the board is a bad one and all should be fired.
👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎
Right on que 👌
Hahahahahahahahaha
Another reason to support small/local businesses
' AMC Entertainment Holdings has approved millions in bonuses to its top executives and eligible employees as a means to preserve stockholder value during the COVID-19 pandemic, the theater operator said.' How will that preserve stockholder value?
“We’re going out of business!” That help went straight into bonuses? During a pandemic when there weren’t any movies after March 2020?
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