Caesars Entertainment Corp. Chief Executive Officer Mark Frissora received 25 percent less in total compensation last year as no stock options were awarded.
Frissora received $9.5 million last year compared with $12.8 million for 2015, according to SEC filings posted on Wednesday. The 2015 compensation package was boosted by $5 million in option awards.
Frissora’s base salary rose last year from $1.6 million to $2 million.
Chairman Gary Loveman also saw his total compensation decline year over year to $6 million from $7.6 million. Frissora succeeded Loveman in 2015 as chief executive officer. Frissora worked as chief executive officer of The Hertz Corp. prior to joining Caesars.
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