Michael Rapino, CEO of Live Nation<\/figcaption><\/figure>\nDuring that time, Rapino made $139 million in earnings, including a stock grant of $109 million. In contrast, the average worker earned around $25,673, according to details from the institute’s study.<\/p>\n
The IPS noted that LN had the highest CEO pay and the widest pay gap among companies in the S&P 500. If we ignore Rapino’s stock grant and the earnings of mainly part-time workers, his pay ratio to employees would be 353:1. This stock grant is set to become available between 2024 and 2027.<\/p>\n
Interestingly, LN, along with other firms featured prominently in the Executive Excess report, had voiced concerns about a shortage of available workers during and after the pandemic.<\/p>\n
The report commented, “In response to strikes and union organising drives, corporate leaders routinely insist that they simply lack the wherewithal to raise employee pay,\u201d the report said. \u201cAnd yet top executives seem to have little trouble finding resources for enriching themselves and wealthy shareholders”.<\/p>\n
This Executive Excess report gives a comprehensive look at S&P 500 companies, presenting data on CEO’s total pay, personal stock holdings, CEO-to-worker pay gaps, and overall expenses for stock buybacks. The median CEO-to-employee compensation ratio across the S&P 500 was calculated at 187:1.<\/p>\n
In July, Live Nation shareholders rejected Rapino’s $139 million pay package after disagreeing with executive pay proposals in a non-binding vote. About 54% of shareholders voted against the payment plans for the company’s leader and other top executives.<\/p>\n
Initially, Rapino was set to receive a $6 million signing bonus, an annual salary of $3 million, a $12 million cash performance bonus, and stock awards worth $116 million, making a total of about $139 million in pay for the year 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON, DC (vip-booking) – Live Nation (LN) stands out as a prime example of the big difference in pay between top executives and regular workers among Standard and Poor’s 500 (S&P 500) companies, according to a recent report. The 29th yearly Executive Excess report from the Institute for Policy Studies (IPS) highlighted that LN’s CEO,<\/p>\n","protected":false},"author":40,"featured_media":111484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_stc_notifier_status":"sent","_stc_notifier_sent_time":"2023-08-29 08:32:49","_stc_notifier_request":false,"_stc_notifier_prevent":false,"_stc_subscriber_keywords":"","_stc_subscriber_search_areas":"","footnotes":""},"categories":[51,75,22,76],"tags":[10452,195],"class_list":["post-139624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-business-news","category-industry_news","category-promoter-news","tag-livenationentertainment","tag-livenation"],"acf":[],"yoast_head":"\n
New Report Reveals Wide CEO - Employee Pay Gap At Live Nation - CelebrityAccess<\/title>\n<meta name=\"description\" content=\"WASHINGTON, DC (vip-booking) - Live Nation (LN) stands out as a prime example of the big difference in pay between top executives and regular workers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Report Reveals Wide CEO - Employee Pay Gap At Live Nation - CelebrityAccess\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, DC (vip-booking) - Live Nation (LN) stands out as a prime example of the big difference in pay between top executives and regular workers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/\" \/>\n<meta property=\"og:site_name\" content=\"CelebrityAccess\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-29T11:50:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2021\/11\/lne-logo-redborder-r-rgb.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"VIP Booking\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"VIP Booking\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/\",\"url\":\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/\",\"name\":\"New Report Reveals Wide CEO - Employee Pay Gap At Live Nation - CelebrityAccess\",\"isPartOf\":{\"@id\":\"https:\/\/dev.celebrityaccess.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2021\/11\/lne-logo-redborder-r-rgb.png\",\"datePublished\":\"2023-08-29T11:50:46+00:00\",\"dateModified\":\"2023-08-29T11:50:46+00:00\",\"author\":{\"@id\":\"https:\/\/dev.celebrityaccess.net\/#\/schema\/person\/71926f1a5a5eb11d91053a4aee7f4ae5\"},\"description\":\"WASHINGTON, DC (vip-booking) - Live Nation (LN) stands out as a prime example of the big difference in pay between top executives and regular workers\",\"breadcrumb\":{\"@id\":\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#primaryimage\",\"url\":\"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2021\/11\/lne-logo-redborder-r-rgb.png\",\"contentUrl\":\"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2021\/11\/lne-logo-redborder-r-rgb.png\",\"width\":1100,\"height\":600,\"caption\":\"Live Nation\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dev.celebrityaccess.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Report Reveals Wide CEO – Employee Pay Gap At Live Nation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dev.celebrityaccess.net\/#website\",\"url\":\"https:\/\/dev.celebrityaccess.net\/\",\"name\":\"CelebrityAccess\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dev.celebrityaccess.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/dev.celebrityaccess.net\/#\/schema\/person\/71926f1a5a5eb11d91053a4aee7f4ae5\",\"name\":\"VIP Booking\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dev.celebrityaccess.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2023\/03\/vip_booking-150x132.jpg\",\"contentUrl\":\"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2023\/03\/vip_booking-150x132.jpg\",\"caption\":\"VIP Booking\"},\"sameAs\":[\"http:\/\/www.vip-booking.com\"],\"url\":\"https:\/\/dev.celebrityaccess.net\/author\/vip-booking\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Report Reveals Wide CEO - Employee Pay Gap At Live Nation - CelebrityAccess","description":"WASHINGTON, DC (vip-booking) - Live Nation (LN) stands out as a prime example of the big difference in pay between top executives and regular workers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/","og_locale":"en_US","og_type":"article","og_title":"New Report Reveals Wide CEO - Employee Pay Gap At Live Nation - CelebrityAccess","og_description":"WASHINGTON, DC (vip-booking) - Live Nation (LN) stands out as a prime example of the big difference in pay between top executives and regular workers","og_url":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/","og_site_name":"CelebrityAccess","article_published_time":"2023-08-29T11:50:46+00:00","og_image":[{"width":1100,"height":600,"url":"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2021\/11\/lne-logo-redborder-r-rgb.png","type":"image\/png"}],"author":"VIP Booking","twitter_card":"summary_large_image","twitter_misc":{"Written by":"VIP Booking","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/","url":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/","name":"New Report Reveals Wide CEO - Employee Pay Gap At Live Nation - CelebrityAccess","isPartOf":{"@id":"https:\/\/dev.celebrityaccess.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#primaryimage"},"image":{"@id":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#primaryimage"},"thumbnailUrl":"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2021\/11\/lne-logo-redborder-r-rgb.png","datePublished":"2023-08-29T11:50:46+00:00","dateModified":"2023-08-29T11:50:46+00:00","author":{"@id":"https:\/\/dev.celebrityaccess.net\/#\/schema\/person\/71926f1a5a5eb11d91053a4aee7f4ae5"},"description":"WASHINGTON, DC (vip-booking) - Live Nation (LN) stands out as a prime example of the big difference in pay between top executives and regular workers","breadcrumb":{"@id":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#primaryimage","url":"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2021\/11\/lne-logo-redborder-r-rgb.png","contentUrl":"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2021\/11\/lne-logo-redborder-r-rgb.png","width":1100,"height":600,"caption":"Live Nation"},{"@type":"BreadcrumbList","@id":"https:\/\/dev.celebrityaccess.net\/2023\/08\/29\/new-report-reveals-wide-ceo-employee-pay-gap-at-live-nation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dev.celebrityaccess.net\/"},{"@type":"ListItem","position":2,"name":"New Report Reveals Wide CEO – Employee Pay Gap At Live Nation"}]},{"@type":"WebSite","@id":"https:\/\/dev.celebrityaccess.net\/#website","url":"https:\/\/dev.celebrityaccess.net\/","name":"CelebrityAccess","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dev.celebrityaccess.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/dev.celebrityaccess.net\/#\/schema\/person\/71926f1a5a5eb11d91053a4aee7f4ae5","name":"VIP Booking","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev.celebrityaccess.net\/#\/schema\/person\/image\/","url":"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2023\/03\/vip_booking-150x132.jpg","contentUrl":"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2023\/03\/vip_booking-150x132.jpg","caption":"VIP Booking"},"sameAs":["http:\/\/www.vip-booking.com"],"url":"https:\/\/dev.celebrityaccess.net\/author\/vip-booking\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/posts\/139624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/comments?post=139624"}],"version-history":[{"count":1,"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/posts\/139624\/revisions"}],"predecessor-version":[{"id":139626,"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/posts\/139624\/revisions\/139626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/media\/111484"}],"wp:attachment":[{"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/media?parent=139624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/categories?post=139624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.celebrityaccess.net\/wp-json\/wp\/v2\/tags?post=139624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Rapino\"](\"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2020\/05\/rapino2020.jpg\")