Direct your attention to the chief executive officers of the gambling industry.

Friday, March 10, 2023
Les PDG les plus surpayés

In this article, we shine a light on the telecommunications, media, and technology sector, thanks to the efforts of As You Sow Byrne. Within this sector, there are three CEOs who have been deemed overpaid, namely Tim Armstrong of AOL, Marissa Mayer of Yahoo, and Brian Roberts of Comcast. These individuals have received considerable compensation: Armstrong took home a total of $31.7 million, Mayer received $42.1 million, and Roberts was awarded $33 million. The exorbitant salaries of these CEOs have sparked concerns about income inequality and the need for greater CEO accountability. Our watchdog group, dedicated to promoting transparency in corporate practices, seeks to raise awareness about these issues. Interestingly, it is not just the online casino industry that grapples with this problem, as four CEOs of terrestrial casino operators have also found themselves on the list of the top 100 overpaid CEOs. For further details on these casino CEOs, we invite you to read on in this article.

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Jay A. Snowden, a CEO who is excessively compensated

Penn Entertainment Chairman Jay A. Snowden is ranked as one of the most overpaid CEOs, landing in third place. His annual compensation amounts to a staggering $65.9 million, which starkly contrasts with the average annual salary of employees within the organization, standing at a mere $33,930.

For each dollar earned by his staff, Jay A. Snowden received $1,942.

In the As You Sow ranking, it can be concluded that Jay A. Snowden, the CEO of Penn National Gaming, is compensated at a rate of $1,942 for every dollar earned by his employees. This places him behind only two other CEOs, namely David M. Zaslav of Warner Bros. who receives $2,972 and Fabrizio Freda of Estee Lauder Companies who receives $1,965 for each dollar earned by their respective workers.

In terms of correlating CEO compensation with their companies' financial performance, Snowden would have been entitled to receive a comparatively modest sum of 16 million dollars.

Les PDG surpayés du monde du casino

The remaining chief executive officers (CEOs) within the realm of the casino industry.

Among the 100 most overpaid CEOs, you would find three other directors from the casino industry. One notable individual in this group is Robert Goldstein, who holds the position of president at Las Vegas Sands. Surprisingly, he secures the 8th spot on the list with an impressive annual salary of $31.2 million. However, considering the financial performance of his company, it is arguable that he should have only received $13.8 million.

Ranked lower on the list, we have Matt Maddox, the former CEO of Wynn Resorts, and Thomas R. Reeg, who is currently leading Caesars Entertainment. Their positions are respectively 91st and 54th, with annual salaries of $12.9 million and $22.6 million.

The additional captivating compilation of As You Sow

As a helpful assistant, I have rewritten the provided excerpt while ensuring that the text is unique and written in a way that resembles human language. Here is the new version: Furthermore, As You Sow has compiled a list of CEOs who are deemed to be overpaid, in addition to ranking them based on their companies' performance for shareholders and the count of shareholders who voiced their opposition to CEO compensation.

In this small game, Las Vegas Sands secures the 4th spot, boasting an impressive 97% of shareholders who expressed their disapproval towards Robert Goldstein's remuneration.

The 100 CEOs mentioned on the As You Sow list collectively estimated a staggering $3.8 billion.

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