A month after suspending all tours amid the novel coronavirus pandemic, Live Nation's CEO will be forgoing his annual base salary and other executives will be taking pay cuts, the events promoter disclosed.
As of April 10, Live Nation chief Michael Rapino will forgo his $3 million base salary, the company stated in an 8K filing with the Securities and Exchange Commission on Monday. General counsel Michael Rowles will see his salary cut from $800,000 to $400,000 and chief financial officer Kathy Willard's salary was reduced from $950,000 to $475,000. that was set up for crewmembers who were impacted by tour cancellations amid the pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live Nation CEO Michael Rapino Foregoes Pay, Execs Take Cuts, Company Sets New Loan For Up To $150MLive Nation CEO Michael Rapino will forego most of his 2020 salary “in light of the evolving circumstances realting to the coronavirus,” the live events company said in an SEC filing Mo…
Source: DEADLINE - 🏆 109. / 63 Read more »
Live Nation CEO Michael Rapino Gives up Salary, Top Execs Take Pay Cuts as Company Tightens BeltIn the wake of the steep challenges the live-entertainment industry faces due to the coronavirus pandemic, Live Nation CEO Michael Rapino will forego his 2020 salary and senior executives will see … Going to be a rough few years for the venue/touring business. Even the monopolist are having a tough time, lol.
Source: Variety - 🏆 108. / 63 Read more »
The Queen shares heartfelt Easter Saturday message and assures nation 'coronavirus will not overcome us'The Queen releases a message on the importance of light and life in annual Easter Saturday statement
Source: hellomag - 🏆 24. / 68 Read more »
‘What Is This Strange Sensation,’ Announces Nation Putting On Shoes For First Time In A WhileCHICAGO—With confusion descending upon the U.S. populace as it struggled to grasp what was happening to their bodies, a largely quarantined nation announced, “What is this strange sensation,” Monday after slipping on shoes for the first time in a while to step outside for some fresh air. “It’s such a weird feeling, almost as if someone were holding my foot in a firm, supportive grasp,” said Schaumburg, IL native Jared Flakne, who, like millions of other Americans, appeared perplexed as he pulled his shoes back off to see if there was anything inside them that might be responsible for the extraordinary sensory experience. “I shook them out, but nope, it’s just my feet in there. I can’t make sense of it. They feel so alien, and yet…and yet not entirely unfamiliar, either. I’m definitely getting a kind of weird déjà vu about this whole situation.” At press time, sources confirmed the nation had taken a few tentative, wobbly steps toward the door before tripping over untied laces and falling on their faces. Me in October after not wearing anything apart from flip flops for 3 months. Shoes? Pants are gonna be the challenge I have a question for the nation: What were you wearing while taking out the trash?
Source: TheOnion - 🏆 724. / 51 Read more »
'Can't expect nurses to be miracle workers': Mask, equipment shortages push nurses to brink across nationNurses on the front lines of the nation's hospitals are reaching a breaking point amid equipment shortages, staffing demand from COVID-19 pandemic Amazing humans👍 And they’ll never be honored nor compensated appropriately. ThankYouCoronaWarriors By way of RichardPrince
Source: USATODAY - 🏆 100. / 63 Read more »
The Solace of Playing Golf in the Navajo Nation Amid the PandemicWhen Donald Benally plays golf, he says, “I feel like I totally forget about what’s going on with this pandemic.”
Source: Slate - 🏆 716. / 51 Read more »