The new president and chief operating officer of Las Vegas Sands Corp., Michael Leven, will earn $2 million plus the chance to earn an annual bonus totaling 50 percent of his base salary, according to a filing with the Securities and Exchange Commission.
Leven, a member of the company’s board of directors and longtime hospitality industry executive, began his role with Las Vegas Sands on March 11. He originally was expected to begin work on April 1.
Leven replaced Bill Weidner, who had been president of Las Vegas Sands for almost 14 years.
Weidner, who had been feuding with company Chairman and Chief Executive Oofficer Sheldon Adelson over the direction of Las Vegas Sands, resigned March 8 after being told by two members of the casino operator’s board that he was going to be replaced.
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