J. Terrence Lanni served as the Chairman and CEO of MGM Resorts International. Born in 1941, he became notable for leading MGM during a transformative period for the company. In 2008, he reported a total compensation of $3,814,767, but notably...

J. Terrence Lanni served as the Chairman and CEO of MGM Resorts International. Born in 1941, he became notable for leading MGM during a transformative period for the company. In 2008, he reported a total compensation of $3,814,767, but notably received no bonuses or stock awards that year due to performance thresholds not being met. This highlighted a performance-driven approach to executive compensation where results matter. Lanni's management style was no-nonsense, focusing on aligning executive goals with shareholder interests. One interesting fact is that he planned his retirement ahead of time. He announced his departure in November 2008, signaling a thoughtful transition for leadership. While he was CEO, Lanni's insider trading showed fluctuations in company stock value—peaking at $2.67 billion in October 2021, demonstrating the importance of market sentiment on executive wealth. His journey reflects both successful leadership and the realities of corporate performance expectations.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other MGM Resorts International CEOs

M

J. Terrence Lanni

Ex-CEO of MGM Resorts International

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

August 22, 1941 - 83 years ago

CEO of MGM Resorts International for

0 years 0 months (Dec 2008 - Nov 2008)

Previous Experience

Chairman of the Board and Chief Executive Officer of MGM MIRAGE

Rivals

Competitors/colleagues of J. Terrence Lanni

L

Robert G. Goldstein

CEO of Las Vegas Sands

2023 Compensation

Stock

$11.21M

Salary

$3.00M

Bonus

$6.90M

Other

$2.29M

Total Holdings

$5.63M

H

Christopher J. Nassetta

CEO of Hilton Worldwide

2023 Compensation

Stock

$32.00M

Salary

$1.30M

Bonus

$0.00

Other

$729.69K

Total Holdings

$654.02M

D

Jason Robins

Founder and CEO of DraftKings Inc.

2023 Compensation

Stock

$300.00K

Salary

$500.00K

Bonus

$200.00K

Other

$150.00K

Total Holdings

$27.71M

B

Keith E. Smith

CEO of Boyd Gaming

2023 Compensation

Stock

$16.70M

Salary

$1.55M

Bonus

$0.00

Other

$26.16K

Total Holdings

$72.48M

C

Thomas J. Smach

CEO of Crocs

2014 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$23.05M

C

Tom Reeg

CEO of Caesars Entertainment, Inc.

2023 Compensation

Stock

$12.50M

Salary

$2.00M

Bonus

$4.11M

Other

$336.59K

Total Holdings

$4.07M

Holdings

See how much did J. Terrence Lanni make over time.

J. Terrence Lanni's holdings in MGM Resorts International varied significantly throughout his time as CEO. In 2019, the value of his holdings peaked at $1.87 billion. This amount fluctuated over time, reflecting both market conditions and company performance. By early...

J. Terrence Lanni's holdings in MGM Resorts International varied significantly throughout his time as CEO. In 2019, the value of his holdings peaked at $1.87 billion. This amount fluctuated over time, reflecting both market conditions and company performance. By early 2020, values decreased to $850 million, showcasing the volatility typical in the gaming and resort industry. However, his holdings saw a resurgence, hitting around $2.67 billion in October 2021. As markets shifted and MGM evolved, Lanni's wealth often tied closely with the company's stock performance, emphasizing the direct link between company health and executive wealth in a publicly traded environment.

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Insider Trading

See recent insider trades of J. Terrence Lanni.

No insider trades found for this CEO.

Compensation History

See how much did J. Terrence Lanni make over time.

In 2008, J. Terrence Lanni's total compensation was $3,814,767, comprising a substantial salary of $2 million and other benefits. However, he didn't receive any incentives like bonuses or stock options that year, as performance thresholds were not met. This points to a system where pay is directly tied to performance metrics—a principle fundamental to many Fortune 500 companies. Throughout his leadership, the compensation strategy reflected the company's health. While he had a high base salary, the absence of additional awards indicated a performance-based culture. This setup aims to motivate executives to meet company goals rather than simply provide guaranteed payouts.

Year

2008

Total Compensation

$3.34M

Salary

$2.00M

Board Justification

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

Bonus

$0.00

Board Justification

No bonuses were awarded under the Incentive Plan for 2008 as the performance threshold was not met.

Other

$1.34M

Board Justification

Includes personal use of company aircraft, contributions to retirement plans, and other benefits.

Restricted Stock

$0.00(0 RSUs)

Board Justification

No stock awards vested in 2008 as the performance criteria were not met for any RSUs or SARs.

Performance Metrics

The performance metrics for 2008 were based on achieving a minimum level of pre-tax operating income, which was not met.

Other MGM Resorts International CEOs

Here are other CEOs of MGM Resorts International

William Hornbuckle

CEO of MGM Resorts International

July 2020 - Present