AMC Entertainment Awards CEO Adam Aron $3.5 Million Special Bonus For “Extraordinary Effort” Navigating Covid

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AMC Entertainment, the nation’s largest theater chain, said Friday it’s awarding CEO Adam Aron and other executives “supplemental special incentive cash bonuses” to recognize the challenge th…

and other executives “supplemental special incentive cash bonuses” to recognize the challenge they faced steering the embattled company on a financial rollercoaster over the past pandemic year.

Aron will receive $3,75 million; chief financial officer Sean Goodman, $507,500; John McDonald, EVP US/Canada operations, $194,550; Elizabeth Frank, VP Worldwide Programming and Chief Content Officer, $180,650; and Stephen Colanero, EVP,CMO, $173,875.

AMC’s travails have been among the most public and painful in the entertainment industry as revenue dried up and Aron had to face high debt, landlords, and a pandemic that dragged on and on. The company renegotiated leases and restructured its debt several times, raising just enough cash to keep Chapter 11 in the rearview mirror.

 

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That bonus would have been a months pay for over 2,100 employees. How about helping them out during covid? How many fucking yachts do you fuckhead executives need?

But we can’t raise the minimum wage?

Extraordinary efforts as in June saying masks weren't needed to be worn in cinemas, (but he would wear them) but after backlash saying they did need to be worn was similar to his plan in 2016 to allow texting in cinemas before similar backlash rejected the idea the following day

This country is so backwards.

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