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Live Nation Entertainment Inc. CEO Michael Rapino earned a total compensation package worth $139.0 million in 2022, or 5,414x the company's median employee pay.

The combination of a hefty CEO stock award package and a large number of part-time and seasonal employees in its workforce resulted in Live Nation reporting the biggest CEO-to-median employee pay ratio among its large media and telecom peers.

Rapino's 2022 compensation was boosted by $116.7 million in stock awards tied in part to the executive's five-year employment agreement renewal. That compares to annual total compensation of $25,673 for the median employee at Live Nation in 2022. A significant portion of Live Nation's employees work part-time, seasonally, or only at key venues and festivals. By nature of their limited hours, these employees have "relatively low total compensation," the company said.

If Live Nation considered only its full-time salaried employees and excluded Rapino's one-time stock awards associated with his employee agreement, the company's CEO-to-median employee pay ratio would be 353-to-1.

......https://www.spglobal.com/market-intelligence/en/news-insights/articles/2023/8/live-nation-ceo-s-stock-awards-drive-up-pay-to-5-414x-median-employee-77214996