You know what would be an awesome idea when your company loses over 90% of shareholder value and your teetering on the brink of bankruptcy? That's right, CEO pay raise. Awesome.
MGM CEO Gets $500K Raise
Jim Murren
Under a new employment contract effective Dec. 1, MGM Mirage Chief Executive Jim Murren will receive a salary increase of $500,000 and will be eligible for additional performance-based cash awards of up to $4.25 million.
Murren's new base salary of $2 million reflects the fact that he took on additional responsibilities when he was appointed to lead the company, MGM Mirage spokesman Alan Feldman said. (LVSUN)
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