James J. Murren, who served as CEO of MGM Resorts International until February 2020, led the company through significant changes during his tenure. Appointed in December 2008, he started as Chief Financial Officer and climbed to the top position where...

James J. Murren, who served as CEO of MGM Resorts International until February 2020, led the company through significant changes during his tenure. Appointed in December 2008, he started as Chief Financial Officer and climbed to the top position where he focused on transforming MGM into a more efficient and successful company. Under his leadership, MGM made a strong comeback after the economic downturn, reopening properties successfully after the pandemic shutdowns. Notably, Murren's pay in 2020 was higher than usual due to a guaranteed bonus of $4 million as part of his exit agreement. He also received a total compensation package of over $36 million that year, reflecting a combination of salary, bonuses, and stock awards. This was especially relevant since he had a significant stake in the company; he held over 1.4 million shares at one point. His move to sell large amounts of stock in 2019 showed confidence in the company’s future and aligned with an overall growth strategy. Murren’s experience in both finance and operations made him a pivotal figure during a transformative period for MGM Resorts, adapting to market changes and increasing competition.