AMC Entertainment CEO wants to freeze his salary — and that of top execs

AMC Entertainment Holdings Inc. CEO Adam Aron has decided to freeze his salary for next year, anticipating that inflation could be higher than in previous decades. Aron ranked No. 2 in the most recent Kansas City Business Journal ranking of the highest-paid public company executives, with 2021 total compensation valued at $18.9million. Aron tweeted Tuesday that he had recommended to AMC's board "to red circle, freeze both my target cash & target stock pay for 2023." His base salary was $1.45million in 2021. According to the annual proxy statement, the board can increase but not decrease his base salary every year. The agreement also contains a target incentive bonus equal to at least 125% of the base salary. Aron tweeted the following: "Despite high inflation, i also 'asked’ our most senior officers (15-20 executive) to forego an increased cash salary for 2021. In 2021, Sean Goodman, Executive Vice President and CFO, had the second highest compensation at AMC. In a non-binding advisory panel earlier in the year. Nearly 86.9 Million shares voted against this compensation plan, while 52.15 millions voted in favor.