MGM Mirage CEO Murren paid $13.75M in 2009
Associated Press Writer
LAS VEGAS – MGM Mirage CEO Jim Murren got a $13.75 million pay package in 2009, his first full year as the casino operator’s top executive, according to an Associated Press analysis of a regulatory filing the company made late Tuesday.
Murren last year made about 3.7 times his he did in 2008, when he spent the first 11 months as MGM Mirage’s chief operating officer.
Murren’s 2009 pay included $2 million in salary, a $500,000 bonus, a $3.5 million performance-based cash bonus and $664,000 in perks.
The perks were mostly travel-related, including $265,783 for Murren’s personal use of a company aircraft, as well as $136,000 for insurance premiums and benefits and funds for an attorney to help him negotiate his employment contract.
Murren received stock options worth $7.09 million when they were granted.
MGM Mirage shares rose 9 cents to $15.09 on Wednesday, when the company announced it would ask bondholders to approve a name change to MGM Resorts International.
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