Las Vegas Sun

May 26, 2019

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Las Vegas Sands CEO Sheldon Adelson made $3.73 million in 2009

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Las Vegas Sands CEO Sheldon Adelson.

Las Vegas Sands Chairman and Chief Executive Sheldon Adelson received a compensation package of $3.73 million in 2009, according to a Sun analysis of a Securities and Exchange Commission filing made Friday.

Adelson received a $1 million base salary in 2009, unchanged from 2008 and 2007, and received $2.73 million in other compensation, which mostly included security for himself and his immediate family, use of the company aircraft and a driver.

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 calculation doesn't include stock and option awards until the stocks vest or options are exercised.

Las Vegas Sands reported Adelson’s total compensation and cost to the company was $5.6 million in 2009, compared to $3.4 million in 2008.

Las Vegas Sands President and Chief Operating Officer Michael Leven took home $2 million in compensation in his first months at the company. Leven was appointed president and COO in March 2009. His compensation included a base salary of $1.56 million and a bonus of $202,000. Las Vegas Sands reported his total compensation as $4.4 million.

Executive Vice President Rob Goldstein received $1.4 million in compensation in 2009, including a base salary of $1.2 million and a bonus of $62,500. The company reported his total compensation as $4.9 million, compared to $2.5 million in 2008.

Senior Vice President and Chief Financial Officer Kenneth Kay received a compensation package of $1.2 million in 2009. His total cost to the company was reported as $2.1 million. Kay joined the company in December 2008.

Steve Jacobs, CEO of Sands China, brought home $1.4 million in 2009, including a base salary of $870,400 and a bonus of $433,300. Las Vegas Sands reported his total cost to the company was $5.6 million. Jacobs joined the company as a consultant in March 2009 and became an employee in August 2009.

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