Las Vegas Sands exec gets promotion, $535,000 raise

By Amanda Finnegan

Tuesday, July 14, 2009 | 3:52 p.m.

Las Vegas Sands has promoted and extended the contract of longtime executive Rob Goldstein, the company announced today.

Goldstein, formerly a senior vice president with Sands, will fill the position of executive vice president while still maintaining his role as president of the Venetian. Goldstein served as the company’s senior vice president for nearly 15 years.

Sands’ executive vice president position has remained vacant since Brad Stone, the former executive vice president and president of global operations, resigned in March.

“Rob has played an important role in the success our organization has had to this point and we are pleased he will be with us as we work to successfully execute on our development plan and take the company to the next level,” Las Vegas Sands chairman and chief executive officer Sheldon Adelson said in a statement.

Goldstein will also see an increase of $535,000 in his base salary with the promotion and contract renewal, a Security and Exchange Commission filing revealed today. He will have a base salary of $1.5 million compared to the $965,000 base salary he was earning before.

Goldstein is also eligible to receive a bonus of $250,000 each year based on performance. In Business Las Vegas reported in June that Goldstein received $2 million in total compensation from the company in 2008.

Stone received a base salary of $1 million from 2006 to 2008 in his role as executive vice president.

Stone left the company in March after longtime colleague and former Sands president William Weidner was ousted from the company. Stone had served as the company’s executive vice president since 1995.

CORRECTION: This story was updated to correct the length of time Goldstein has served as the company’s senior vice president.