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Who Needs Profits? Live Nation & Pandora Reveal Executive Compensation

image from www.google.comAs the pages of the Wall Street Journal remind us daily, turning a profit has little to do with executive compensation.  In recent SEC filings, Live Nation and Pandora shared what their top officers took home last year:

Live Nation –

  • CEO Michael Rapino – $11.9 million in 2011, down from $15.9 million in 2010
  • Chairman Irving Azoff's compensation rose to $34.6 million from $22.8 million the previous year. $25.3 million of that came via his ownership interest in Front Line, the management company he sold to Live Nation.
  • Ticketmaster CEO Nathan Hubbard – $4.1 million
  • President of International Alan Ridgeway – $2.2 million
  • General Counsel, Michael Rowles – $1.5 million
  • CFO Kathy Willard – $2 million

Pandora –

  • CEO Joseph Kennedy seems like a bargain at a mere $732,425 foir fiscal 2012, up from $503,829 in fiscal 2011
  • CFO Steven Cakebread – $446,400
  • CTO Thomas Conra – $3.4 million
  • CMO Simon Fleming-Wood – $2.7 million
  • CRO John Trimble – $4.6 million

stats via Hollywood Reporter

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