Live Nation Entertainment Management

Management criteria checks 3/4

Live Nation Entertainment's CEO is Michael Rapino, appointed in Aug 2005, has a tenure of 19.17 years. total yearly compensation is $23.44M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 1.61% of the company’s shares, worth $425.04M. The average tenure of the management team and the board of directors is 11.7 years and 9.8 years respectively.

Key information

Michael Rapino

Chief executive officer

US$23.4m

Total compensation

CEO salary percentage	12.8%
CEO tenure	19.2yrs
CEO ownership	1.6%
Management average tenure	11.7yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michael Rapino's remuneration changed compared to Live Nation Entertainment's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$256m
Mar 31 2024	n/a	n/a	US$252m
Dec 31 2023	US$23m	US$3m	US$316m
Sep 30 2023	n/a	n/a	US$349m
Jun 30 2023	n/a	n/a	US$259m
Mar 31 2023	n/a	n/a	US$177m
Dec 31 2022	US$139m	US$3m	US$149m
Sep 30 2022	n/a	n/a	US$191m
Jun 30 2022	n/a	n/a	-US$99m
Mar 31 2022	n/a	n/a	-US$448m
Dec 31 2021	US$14m	US$3m	-US$671m
Sep 30 2021	n/a	n/a	-US$896m
Jun 30 2021	n/a	n/a	-US$1b
Mar 31 2021	n/a	n/a	-US$2b
Dec 31 2020	US$5m	US$2m	-US$2b
Sep 30 2020	n/a	n/a	-US$1b
Jun 30 2020	n/a	n/a	-US$795m
Mar 31 2020	n/a	n/a	-US$139m
Dec 31 2019	US$15m	US$3m	-US$5m
Sep 30 2019	n/a	n/a	US$9m
Jun 30 2019	n/a	n/a	US$6m
Mar 31 2019	n/a	n/a	-US$32m
Dec 31 2018	US$12m	US$3m	-US$18m
Sep 30 2018	n/a	n/a	-US$76m
Jun 30 2018	n/a	n/a	-US$113m
Mar 31 2018	n/a	n/a	-US$102m
Dec 31 2017	US$71m	US$2m	-US$98m

Compensation vs Market: Michael's total compensation ($USD23.44M) is above average for companies of similar size in the UK market ($USD5.83M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.

CEO

Michael Rapino (58 yo)

19.2yrs

Tenure

US$23,438,317

Compensation

Mr. Michael Rapino serves as Independent Director of Sirius XM Radio Inc. since January 2018. He has been the Chief Executive Officer and President of Live Nation Entertainment, Inc. since August 2005. Mr....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Rapino	President	19.2yrs	US$23.44m	1.61% $ 425.0m
Joe Berchtold	President & CFO	6.8yrs	US$6.49m	0.25% $ 65.1m
Brian Capo	Chief Accounting Officer & Senior VP	16.8yrs	US$715.02k	0.0053% $ 1.4m
Michael Rowles	Executive VP	18.6yrs	US$2.83m	0.073% $ 19.2m
John Hopmans	Executive Vice President of Mergers & Acquisitions and Strategic Finance	16.5yrs	US$23.37m	0.037% $ 9.7m
Amy Yong	Senior Vice President of Investor Relations	less than a year	no data	no data
Kaitlyn Henrich	Senior VP of Corporate Affairs	2.8yrs	no data	no data
Liz Dyer	Senior Vice President of Human Resources	4.1yrs	no data	no data
Russell Wallach	Global President of Live Nation Media & Sponsorship	no data	no data	no data
Arthur Fogel	Chairman of Global Music Group & President of Global Touring Division	19.8yrs	no data	no data
Neil Jacobsen	President of Tampa/Orlando - U.S. Concerts & COO of Florida	5.8yrs	no data	no data
Ben Weeden	Chief Financial Officer of Venue Nation	no data	no data	no data

11.7yrs

Average Tenure

58yo

Average Age

Experienced Management: 0JVD's management team is seasoned and experienced (11.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Rapino	President	18.8yrs	US$23.44m	1.61% $ 425.0m
Randall Mays	Independent Director	19.8yrs	US$333.91k	0.060% $ 15.9m
James Kahan	Independent Director	17.1yrs	US$324.16k	0.046% $ 12.1m
Jeffrey Hinson	Independent Director	18.8yrs	US$342.16k	0.023% $ 6.2m
Gregory Maffei	Non-Executive Chairman of the Board	13.7yrs	US$488.29k	0.048% $ 12.8m
Ping Fu	Independent Director	6.3yrs	US$324.16k	0.0066% $ 1.7m
James Iovine	Independent Director	9.8yrs	US$318.16k	0.022% $ 5.9m
Maverick Carter	Independent Director	5.8yrs	US$312.91k	0.0078% $ 2.1m
Chad Hollingsworth	Independent Director	4.3yrs	US$333.16k	0.0054% $ 1.4m
Latriece Watkins	Independent Director	3.1yrs	US$314.41k	0.0032% $ 848.8k
Richard Paul	Independent Director	1.5yrs	US$317.81k	0.0021% $ 565.9k

9.8yrs

Average Tenure

58yo

Average Age

Experienced Board: 0JVD's board of directors are considered experienced (9.8 years average tenure).

Live Nation Entertainment Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Live Nation Entertainment, Inc., Annual General Meeting, Jun 13, 2024

Independent Director recently bought US$1.0m worth of stock

Executive VP recently sold US$3.3m worth of stock

Recent updates

Insufficient new directors

New minor risk - Earnings quality

Second quarter 2024 earnings released: EPS: US$1.30 (vs US$1.04 in 2Q 2023)

Live Nation Entertainment, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Live Nation Entertainment, Inc.(NYSE:LYV) dropped from Russell 3000 Value Index

Rosen Law Firm Provides Live Nation Entertainment, Inc. Investors Update in Securities Class Action

First quarter 2024 earnings released: US$0.53 loss per share (vs US$0.26 loss in 1Q 2023)

Live Nation Entertainment, Inc., Annual General Meeting, Jun 13, 2024

Live Nation Entertainment, Inc. to Report Q1, 2024 Results on May 02, 2024

Full year 2023 earnings released: EPS: US$2.46 (vs US$0.66 in FY 2022)

Live Nation Entertainment, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Third quarter 2023 earnings released: EPS: US$2.11 (vs US$1.47 in 3Q 2022)

Live Nation Entertainment, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Levi & Korsinsky Notifies Live Nation Entertainment, Inc. Investors of A Class Action Lawsuit and Upcoming Deadline

Robbins Geller Rudman & Dowd LLP Announces Live Nation Entertainment, Inc. Investors with Substantial Losses Have Opportunity to Lead the Live Nation Class Action Lawsuit

New minor risk - Share price stability

Now 21% undervalued

Second quarter 2023 earnings released: EPS: US$1.04 (vs US$0.69 in 2Q 2022)

Live Nation Entertainment, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Live Nation Entertainment, Inc. (NYSE:LYV) acquired unknown majority stake in Páramo Presenta.

Live Nation Entertainment, Inc. (NYSE:LYV) acquired unknown majority stake in Páramo Presenta.

Now 20% undervalued

First quarter 2023 earnings released: US$0.26 loss per share (vs US$0.39 loss in 1Q 2022)

Now 21% undervalued after recent price drop

Now 25% undervalued

Full year 2022 earnings released: EPS: US$0.66 (vs US$3.09 loss in FY 2021)

Live Nation Entertainment, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Now 21% undervalued

Independent Director recently bought US$1.0m worth of stock

Third quarter 2022 earnings released: EPS: US$1.47 (vs US$0.20 in 3Q 2021)

Live Nation Entertainment, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Live Nation Entertainment, Inc. (NYSE:LYV) acquired unknown majority stake in Goodlive GmbH Paragon Partners and Goodlive’s founders.

Second quarter 2022 earnings released: EPS: US$0.84 (vs US$0.90 loss in 2Q 2021)

Live Nation Entertainment, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Live Nation Entertainment, Inc. (NYSE:LYV) and Secret Sounds Group Pty Ltd acquired Kicks Entertainment.

Live Nation Entertainment, Inc. (NYSE:LYV) acquired Concerts and Entertainment division of BEC-Tero Entertainment Co., Ltd.

First quarter 2022 earnings released: US$0.39 loss per share (vs US$1.44 loss in 1Q 2021)

Live Nation Entertainment, Inc. (NYSE:LYV) acquired Music Management International Corp.

Live Nation Entertainment, Inc. to Report Q1, 2022 Results on May 05, 2022

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Live Nation Entertainment, Inc. to Report Q4, 2021 Results on Feb 23, 2022

Live Nation Entertainment, Inc. (NYSE:LYV) completed the acquisition of 51% stake in Ocesa Entretenimiento, S.A. de C.V. from Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) and Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (BMV:CIE B).

Third quarter 2021 earnings released: EPS US$0.22 (vs US$2.46 loss in 3Q 2020)

Forecast to breakeven in 2022

Live Nation Entertainment, Inc. has completed a Follow-on Equity Offering in the amount of $455.291607 million.

Second quarter 2021 earnings released: US$0.90 loss per share (vs US$2.67 loss in 2Q 2020)

Independent Director Mark Shapiro has left the company

Independent Director Mark Shapiro has left the company

Independent Director Ariel Emanuel has left the company

First quarter 2021 earnings released: US$1.44 loss per share (vs US$0.94 loss in 1Q 2020)

Executive VP recently sold US$3.3m worth of stock

Shift4 Payments, Inc. (NYSE:FOUR) acquired VenueNext, Inc. for $72 million

Full year 2020 earnings released: US$8.12 loss per share (vs US$0.023 loss in FY 2019)

Revenue beats expectations

Live Nation Entertainment, Inc. to Report Q4, 2020 Results on Feb 25, 2021

Third quarter 2020 earnings released: US$2.46 loss per share

Revenue misses expectations

Live Nation Entertainment, Inc. to Report Q3, 2019 Results on Oct 31, 2019

Lagardere Reportedly Looking to Sell Live Entertainment Assets

Public Investments Fund acquired approximately 5.7% stake in Live Nation Entertainment, Inc. (NYSE:LYV).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure