Las Vegas Sun

May 26, 2015

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Steve Wynn gets annual salary boost of $1 million

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Steve Wynn

Wynn Resorts CEO Steve Wynn has received an annual salary increase of about $1 million, according to a regulatory filing today.

Wynn’s base salary was increased to $4 million, the filing indicated. The change was effective Feb. 24.

The casino owner received a base salary of $2.95 million in 2009 and was expected to receive the same in 2010, according to a regulatory filing in April 2010. Wynn Resorts’ 2010 proxy statement with employee salaries hasn't yet been released.

In 2009, Wynn's compensation totaled $8.39 million, compared to $8.45 million in 2008, the April 2010 filing indicated. Those numbers compare to the $11.2 million Wynn made in 2007.

The package included a $2.95 million base salary, a $4.06 million cash bonus and $1.37 million in perks, mostly for personal use of a company aircraft. Wynn received no stock or options.

The Sun calculates total compensation based on an executive’s base salary, bonus, non-equity compensation, change in pension, all other compensation, options exercised and stocks vested. The Sun does not include stock and option awards until the stocks vest or options are exercised.

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