(Bloomberg) -- Las Vegas Sands Corp. Chief Executive Officer Sheldon Adelson is adding to his chip stack.
The billionaire signed a new employment agreement with the casino operator that increased his salary fivefold to $5 million, and he can earn a bonus of as much as $12.5 million if the company beats its target for earnings before interest, taxes, depreciation and amortization, the firm said Thursday in a regulatory filing. His old contract provided for a maximum bonus of $7.89 million.
As a result, Adelson, 84, will have the biggest annual salary among CEOs in the S&P 500, data compiled by Bloomberg show. His net worth is $32.6 billion, according to the Bloomberg Billionaires Index.
To contact the reporter on this story: Anders Melin in New York at amelin3@bloomberg.net.
To contact the editors responsible for this story: Alicia Ritcey at aritcey@bloomberg.net, Peter Eichenbaum, Alan Goldstein
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
