Gambling in the USA

Sheldon Adelson Becomes Nevada’s Highest Paid CEO of 2018

Published

6 years ago

May 28, 2019

Niji Narayan

Sheldon Adelson Becomes Nevada’s Highest Paid CEO of 2018

Photo Source: theintercept.com

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Sheldon Adelson of the Las Vegas Sands Corp has been named as Nevada’s highest paid CEO of 2018 with a total pay package of US$24 million. William Carstanjen, CEO of Churchill Downs, is in the second place with pay package of US$21.1 million.

Norwegian Cruise Lines President and CEO Frank Del Rio was the highest earning CEO in Florida in 2018 with total pay of US$22.6 million.

The 2018 list considers only listed companies with revenue of at least US$1 billion and who filed their proxy statements with federal regulators between 1 January and 30 April 2019.

To qualify, CEOs were required to have served in the role for at least two years. Their pay was calculated by adding together their salary, bonuses, stock awards, stock options and deferred compensation.

Adelson, whose duties have been restricted since late 2018 as he undergoes treatment for non-Hodgkin’s lymphoma, ranked 12th in the list.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.