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.