AMC Entertainment CEO Adam Aron Says He'll Take Pay Cut As Retail Shareholders Who Once Adored Him Protest Sinking Stock

Adam Aron and the AMC Entertainment board have agreed to reduce the CEO’s target compensation by 25% this year, he said, as he’s bombarded with hostility by the theater chain’s large group of retail shareholders angry at the sinking stock. It means the target amount that he’d be eligible for would be lower. Aron didn’t give details. His 2022 compensation totaled $23.7 million, including a base salary of $1.5 million, a $6 million cash bonus, and stock awards valued at $16.2 million. Pay for 2023 will come ...