Las Vegas Sun

August 22, 2014

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Caesars Entertainment CEO Gary Loveman made $5.9 million in 2010

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Gary Loveman, CEO of Caesars Entertainment

Gary Loveman took home about $5.9 million in 2010 in his role as Caesars Entertainment chairman and CEO, slightly less than the compensation package he received in 2009.

According to a Securities and Exchange Commission filing, Loveman’s compensation package included a base salary of $1.9 million, $2.7 million in non-equity compensation and $1.27 million in all other compensation, which mainly included security, use of the company aircraft and lodging.

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.

Loveman’s 2010 compensation package compares to the $6 million he received in 2009, which included a $1.9 million base salary, $3 million in non-equity compensation and $1 million in all other compensation. Loveman ranked No. 6 on In Business Las Vegas’ 2009 list of the highest-paid executives.

Caesars Senior Vice President Jonathan Halkyard and chief financial officer took home about $1 million in 2010, including a base salary of $675,400, $336,000 in non-equity compensation and $18,500 in all other compensation.

Western Division President Thomas Jenkin received about $2.23 million in compensation while Eastern and Central Division President John Payne received an estimated $1.84 million.

Peter Murphy, president of strategy and development, received about $3 million in compensation in 2010, according to the Sun's calculation, including a base salary of $1.25 million, $800,000 in non-equity compensation. Murphy recently left Caesars Entertainment in January.