Live Nation doubles CEO pay target despite monopoly ruling

What happened

Live Nation's CEO tied his pay partly to "solving the DOJ problem," a jury then found a monopoly, and his target pay doubled anyway. His previous contract was set to expire in 2027.

The post Live Nation doubles CEO pay target despite monopoly ruling appeared first on Protos . Live Nation last week approved a contract doubling its CEO compensation target to over $60 million per year, despite a federal jury in Manhattan ruling the company and its Ticketmaster subsidiary liable for unlawful monopoly practices.

That contrast is notable given that just six months ago, CEO Michael Rapino testified under oath that his pay was linked in part to “solving the DOJ (Department of Justice) problem,” i.e. Despite a jury ruling Live Nation engaged in monopoly practices, his compensation target has doubled anyway.