Gary Loveman has been a significant figure in the casino and entertainment industry, serving as CEO of Caesars Entertainment, Inc. from 2003 until 2015. He holds a Ph.D. in Economics from the prestigious Massachusetts Institute of Technology (MIT), which informs...

Gary Loveman has been a significant figure in the casino and entertainment industry, serving as CEO of Caesars Entertainment, Inc. from 2003 until 2015. He holds a Ph.D. in Economics from the prestigious Massachusetts Institute of Technology (MIT), which informs his strategic decisions in the business. His focus on performance-based metrics, like EBITDA and customer satisfaction, defines his leadership approach. During his tenure, Loveman saw fluctuations in his compensation, peaking at about $12.8 million in 2012, primarily due to bonuses tied to the company’s performance. He has a track record of aligning executive pay with company success, making sure that a large portion was at risk and linked to measurable outcomes. Loveman’s insider trading activity shows he was actively engaged with the company's stock, with his holdings peaking at around $38.34 million in October 2021, showcasing confidence in his decisions and the company's future. This mix of academic background, performance focus, and personal investment underlines his commitment to Caesars Entertainment.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Caesars Entertainment, Inc. CEOs

C

Gary Loveman

Ex-CEO of Caesars Entertainment, Inc.

Education

Ph.D. in Economics from MIT

Field of Expertise

Other - Economics

Sector of Economy

Consumer Cyclical

Born

April 12, 1960 - 64 years ago

CEO of Caesars Entertainment, Inc. for

12 years 6 months (Jan 2003 - Jul 2015)

Previous Experience

Professor at Harvard Business School

Rivals

Competitors/colleagues of Gary Loveman

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

M

William Hornbuckle

CEO of MGM Resorts International

2023 Compensation

Stock

$4.50M

Salary

$2.00M

Bonus

$0.00

Other

$228.88K

Total Holdings

$19.84M

C

Robert L. Evans

CEO of Churchill Downs

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$3.00M

Other

$1.82M

Total Holdings

$19.22M

T

Michael D. Brown

CEO of Travel + Leisure

2023 Compensation

Stock

$1.80M

Salary

$1.10M

Bonus

$1.58M

Other

$266.39K

Total Holdings

$24.69M

C

Arnold W. Donald

CEO of Carnival Corporation

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$106.57K

Total Holdings

$27.06M

Holdings

See how much did Gary Loveman make over time.

Gary Loveman's holdings in Caesars Entertainment saw notable fluctuations, hitting a peak value of approximately $38.34 million in October 2021. This highlights his confidence in his leadership decisions. Throughout his tenure, he maintained significant investments in the company's stock. Notably,...

Gary Loveman's holdings in Caesars Entertainment saw notable fluctuations, hitting a peak value of approximately $38.34 million in October 2021. This highlights his confidence in his leadership decisions. Throughout his tenure, he maintained significant investments in the company's stock. Notably, there was a steady increase in his holdings, from values of around $6 million in late 2019 to over $27 million by early 2021. After this peak, there was a gradual decline in value but still remained substantial, reflecting the ups and downs of the company's market performance and Loveman's personal investment strategies. His active role in trading demonstrates not just a stake in the company but also a belief in its potential growth.

Total Stock Sold

$741.24K

CZR

$741.24K

99,000 CZR shares

What if they kept their stock?

If Gary Loveman didn't sell their stock, today they would have:
Extra CZR99,000 shares worth $785.07K.
This is 5.91% and $43.83K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gary Loveman.

CZR

$549.94K

CZR at $7.33/share

Dec 20, 2016

Sale

CZR

$186.36K

CZR at $7.77/share

Aug 17, 2016

Sale

CZR

95,808 shares

CZR

May 7, 2014

Received

CZR

102,917 shares

CZR

Jun 28, 2013

Received

Compensation History

See how much did Gary Loveman make over time.

Gary Loveman's compensation as CEO of Caesars Entertainment was closely tied to the company's performance. In 2015, he earned a total of approximately $7.62 million, with support from a significant bonus structure that linked his rewards to performance metrics like customer satisfaction and financial results. His compensation philosophy emphasized aligning executive earnings with the company’s success, ensuring that a substantial part of his income was risk-based. For instance, in 2012, his total earnings were about $12.8 million, reflecting successful performance measures. Interestingly, despite no stock options being granted during some years, Loveman still had consistent income tied to a mix of salary, bonuses, and other perks that ensured he was invested in achieving the firm's goals.

Year

2015

Total Compensation

$7.62M

Salary

$1.90M

Board Justification

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

Bonus

$4.06M

Board Justification

The bonus is based on the company's financial performance and customer satisfaction metrics, with a target annual bonus of $3,250,000 under the Senior Executive Incentive Plan.

Other

$1.66M

Board Justification

Other compensation includes personal security, aircraft usage, and hotel lodging expenses while in Las Vegas.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted in 2015 that vested during the year.

Performance Metrics

The performance metrics for determining compensation include Adjusted EBITDA and customer satisfaction scores.

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