MGM Resorts CEO James Murren’s pay jumps to $16.6M

Las Vegas casino operator MGM Resorts International paid its head honcho 25.1 percent more in 2016 after the company beat its earnings target.

James Murren, chairman and chief executive of the casino group, received a total of $16.6 million last year, up from the $13.3 million he received in 2015, MGM Resorts reported in a proxy filing to the U.S. Securities and Exchange Commission.

For 2016, MGM Resorts set a target of adjusted earnings before interest, taxes, depreciation and amortization of $2.14 billion. Actual EBITDA came in 8 percent higher, triggering a bonus that was 41.3 percent higher than planned, according to the company.

Murren’s 2016 base salary was kept at the 2015 level of $2 million, but the MGM Resorts chief stock awards—consisting of restricted stock and performance-linked shares—rose 19 percent year-on-year to reach $7.44 million. Murren also received $1.52 million in “other compensation,” including $250,000 for personal use of aircraft and $391,814 for personal security services.