AMC Entertainment's Adam Aron has requested a pay freeze for himself, he said Tuesday, as the movie theater chain's stock has fallen significantly in 2022.
Adam Aron has requested a pay freeze for himself, he said Tuesday, as the movie theater chain’s stock has fallen significantly in 2022.
"Biggest inflation in 40 years, so in 2023 companies will grant large % salary raises. But I do not want ‘more’ when our"So, I recommended to the AMC Board to red circle and freeze both my target cash and target stock pay for 2023. NO INCREASE."DISCUSSIONS WITH LENDERS ABOUT POTENTIAL PURCHASE OF SOME CINEWORLD THEATERS ‘ARE NOT CONTINUING,' AMC SAYS
In a subsequent tweet, he said he "asked" the company’s "most senior officers" to "forego an increase to their cash salaries" for the coming year too. He made the request to 15 to 20 executives, according to Aron, who noted AMC has a "very dedicated management team." "No increase for those at the top is the right thing to do," he also wrote, describing his "motives" as "pure" and adding he tries "as best as I know how to lead AMC through the painful aftermath of
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