Live Nation lifts CEO pay target to over $60 million a year after monopoly verdict
Live Nation's board approved a CEO pay package targeting over $60M annually starting 2027, despite a jury finding Ticketmaster engaged in unlawful monopoly practices and an unresolved DOJ settlement awaiting judicial approval. The disconnect heightens governance and regulatory-risk concerns, potentially pressuring investor confidence in management incentives. While the story is company-specific, it underscores broader antitrust and executive-compensation scrutiny across US equities.
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Live Nation approved a plan to double CEO Michael Rapino’s annual compensation target to more than $60 million, even after a federal jury found the company and its Ticketmaster unit liable for unlawful monopoly practices. The new package, effective from 2027, includes annual stock awards and an upfront equity grant, with some awards vesting based only on continued employment. The decision has drawn attention to corporate governance and regulatory risk.