AMC CEO Pockets Millions In Stock Bonuses Just As Chain Announces 'Temporary' Theater Closures
As AMC Entertainment scrambles to reassure investors of its "meme stock" resilience, a bold but quiet executive compensation plan has surfaced. The chain recently filed paperwork revealing top brass, including CEO Adam Aron, awarded themselves massive stock bonuses—in the very same quarter they announced the "temporary" shuttering of select underperforming theaters across the Midwest. Who benefits from the squeeze on retail investors? It seems the suits already cashed out before the popcorn got cold.