Adam Aron said today he’s asked the theater chain’s board of directors to freeze his compensation for 2023 given the decline in AMC stock
“Biggest inflation in 40 years, so in 2023 companies will grant large % salary raises. But I do not want “more” when our shareholders are hurting. So, I recommended to the AMC Board to red circle and freeze both my target cash and target stock pay for 2023. NO INCREASE,” he tweeted.
“No increase for those at the top is the right thing to do. I have fans and bashers on Twitter, those who agree or disagree with my decisions. But know this: my motives are pure. I try as best as I know how to lead AMC through the painful aftermath of this horrid pandemic,” Aron wrote. Aron’s compensation totaled $18.9 million in 2021, including a base salary of $1.45 million; cash compensation of $6 million; and stock awards worth $11.4 million when granted. He earned $20.9 million in 2020 with a $1.1 million salary, $5 million cash bonus and about $14.8 million in stock awards.
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