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Sands CEO Adelson’s pay increased slightly in 2016

Las Vegas Sands Corp. paid Chief Executive Officer Sheldon Adelson $12.7 million last year, a slight increase over his 2015 pay but less than his Strip peers, new SEC filings show.

Adelson earned $1 million in base salary, $3.65 million in stock awards and a $4.33 million performance-based cash bonus. His cash bonus slightly decreased year over year because the company didn’t achieve its earnings performance target.

Slightly more than a quarter of Adelson’s compensation, or $3.4 million, was for security for himself and his family, according to a Securities and Exchange Commission document published Friday.

Adelson’s compensation breakdown hasn’t changed much over the past three years. He earned $12.1 million and $12 million in 2015 and 2014, respectively.

By comparison, MGM Resorts Chief Executive Officer Jim Murren earned $16.6 million in 2016. Wynn Resorts Chief Executive Officer Steve Wynn earned nearly as much as his two peers combined, collecting $28.2 million.

The Review-Journal is owned by the family of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson.

Contact Todd Prince at tprince@reviewjournal.com or 702-383-0386. Follow @toddprincetv on Twitter.

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