Jem Aswad Senior Music EditorWhile multiple outlets, including Variety, reported last April that Live Nation CEO Michael Rapino was foregoing his $3 million salary for all of 2020 due to the pandemic and its devastating effect on the live-entertainment industry and the company, according to SEC filings, he did so for less than two months.
His salary was reinstated at 50% as of June 1, and boosted to 60% on Sept. 16.Rapino received expansive praise, and apparently inaccurate media coverage throughout the year, for the initial reports — which were based on a section of an April 2020 Live Nation SEC filing referencing the “duration of the salary reduction program” — that he was foregoing his salary for all of 2020.
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