Aron said about the company’s future, “AMC is a proud American company with 100 years of heritage.” He added, “And moviegoing at our theaters is very much in the psyche of American consumers. When the movie chain fully reopens, hopefully, the laid-off workers will get their jobs back. The bonuses were provided “to recognize the extraordinary efforts of employees to maintain the company’s business and preserve stockholder value during the Covid-19 pandemic, encourage continued engagement and retention and incentivize management and employees during the continuing and unprecedented difficult business conditions.” Regulatory filings show that “Aron will receive $3.75 million chief financial officer Sean Goodman, $507,500 John McDonald, executive vice president US/Canada operations, $194,550 Elizabeth Frank, vice president worldwide programming and chief content officer, $180,650 and Stephen Colanero, executive vice president, chief marketing officer, $173,875.” As a result of the sudden skyrocketing of the stock, AMC was able to “bag another $305 million from the stock market and slash its debt load by $600 million,” in addition to a new infusion of $917 million.įast forward a year’s time and AMC Entertainment, according to Deadline, is giving its CEO and upper-echelon executives “ supplemental special incentive cash bonuses” for their work over the pandemic.
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