Anthony P. Rodio is the former CEO of Caesars Entertainment, Inc., one of the biggest names in the casino industry. He has a B.S. in Accounting from Rider University, which laid a strong foundation for his career in a sector...

Anthony P. Rodio is the former CEO of Caesars Entertainment, Inc., one of the biggest names in the casino industry. He has a B.S. in Accounting from Rider University, which laid a strong foundation for his career in a sector known for its complex financial structures. Taking the helm in May 2019, Rodio faced unique challenges, particularly during the COVID-19 pandemic, which impacted the company's performance and his own compensation. In 2020, his total pay was $1,724,980, a significant decrease from 2019’s $4,791,280, driven largely by the pandemic's toll and performance failures. Rodio's compensation included a fixed salary with no bonuses that year, emphasizing the harsh realities of leading a company through tough times. He has a straightforward leadership style, focusing on aligning his actions with shareholder interests, especially during unpredictable phases. With his extensive experience in the casino space, Rodio navigated the complexities of running a major entertainment business amidst financial upheaval, leaving behind a significant mark just as the world began changing dramatically.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Caesars Entertainment, Inc. CEOs

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Anthony P. Rodio

Ex-CEO of Caesars Entertainment, Inc.

Education

B.S. in Accounting from Rider University

Sector of Economy

Consumer Cyclical

Born

July 15, 1959 - 65 years ago

CEO of Caesars Entertainment, Inc. for

1 year 2 months (May 2019 - Jul 2020)

Previous Experience

CEO of Tropicana Entertainment Inc.

Rivals

Competitors/colleagues of Anthony P. Rodio

Holdings

See how much did Anthony P. Rodio make over time.

During his time as CEO, Anthony P. Rodio held significant shares in Caesars Entertainment (CZR). Although specific details about his holdings vary, it's evident that they changed dramatically during and after his tenure due to market conditions and operational challenges....

During his time as CEO, Anthony P. Rodio held significant shares in Caesars Entertainment (CZR). Although specific details about his holdings vary, it's evident that they changed dramatically during and after his tenure due to market conditions and operational challenges. In 2019, the decline in company performance due to unforeseen circumstances like the pandemic greatly affected his wealth, with a total compensation drop from nearly $4.8 million to just over $1.7 million in 2020. His focus was on stabilizing the company amid these fluctuations, demonstrating the volatility that corporate leaders can face. Any vested stocks in his portfolio depended heavily on achieving performance metrics that were not met, particularly related to adjusted EBITDA during this critical time. Overall, Rodio's experience reflects the intense scrutiny leaders in the casino industry endure, especially when tied to market ups and downs.

Insider Trading

See recent insider trades of Anthony P. Rodio.

No insider trades found for this CEO.

Compensation History

See how much did Anthony P. Rodio make over time.

Anthony P. Rodio’s compensation paints a picture of a CEO navigating tumultuous waters. In 2019, he earned a total of $4,791,280, which included a hefty bonus tied to performance metrics like Adjusted EBITDA. However, 2020's total compensation plummeted to $1,724,980 as the COVID-19 pandemic impacted the casino industry hard; he received no bonus that year. It highlights the harsh reality that when a company struggles, executives also feel the heat. Rodio's salary for 2020 was $1,696,800, but there were no vested stock grants or bonuses awarded, emphasizing the lack of performance-driven incentives during that challenging time. His compensation package reflects the company's overall performance philosophy, which aims to align executive pay with company outcomes. This stark contrast between years underscores the pressures faced by corporate leaders, particularly in high-stakes environments like the gaming industry.

Year

2020

Total Compensation

$1.72M

Salary

$1.70M

Board Justification

The compensation philosophy aims to attract, motivate, and retain executives while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$0.00

Board Justification

No annual bonus was earned or received in respect of 2020 performance due to the impact of the COVID-19 pandemic and the subsequent merger.

Other

$25.18K

Board Justification

Other compensation includes life insurance premiums, long-term disability, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2020 as the performance-based equity awards were not earned due to the failure to meet performance metrics.

Performance Metrics

The primary performance metric for annual bonuses was Adjusted EBITDA, which was not achieved due to the COVID-19 pandemic.

Other Caesars Entertainment, Inc. CEOs

Here are other CEOs of Caesars Entertainment, Inc.

Mark Frissora

Ex-CEO of Caesars Entertainment, Inc.

July 2015 - April 2019

Tom Reeg

CEO of Caesars Entertainment, Inc.

August 2020 - Present