Who Pays $24 Million to Protect Mark Zuckerberg?
Shareholders do. And that’s just one example of how Covid-19 hasn’t stopped the corporate-perk parade.
Highly recognizable executive.
Photographer: Chip Somodevilla/Getty Images
Many of us spent the better part of 2020 trapped in our homes — not able to travel, attend a live event, see a movie on a big screen, or get together with friends and family outside of our immediate pods. But judging from corporate disclosures, it seems these restrictions didn’t apply to a small subset of people — specifically, executives at publicly traded companies.
When’s the last time you attended a major sporting event? For me, it was a Dodgers-Mets game at Citi Field in September 2019. Yet executives at Live Nation Entertainment Inc. received more than $100,000 worth of “tickets to certain music and sporting industry events” in 2020, according to a company proxy statement. That’s about half what they got in 2019, but still pretty impressive given that the company reported in May 2020 that 80% of shows had been canceled. Live Nation didn’t respond to a request for comment.