AMC CEO Adam Aron earned 9.5 million in 2018. Why he's worth every penny:
Per the company's proxy statement filed this week, Adam Aron, earned $9.5 million in 2018, up 28% from the $7.4 million he earned in 2017. While on the surface those numbers appear more apt to come from someone in front of the camera rather than the head of a cinema chain, Aron has turned AMC into a global powerhouse since joining the company in 2015.
At the time of Aron's arrival, the Kansas City-based chain was battling competitors Regal Cinemas and Cinemark Theatres for cinematic superiority in North America. AMC went through the 2010s with a slight edge in market share over Regal and outdistanced Cinemark every year but only by a handful of percentage points.
Aron, understanding the need for AMC to be the industry driver, quickly set about to purchase Carmike Cinemas of Georgia. That sale gave AMC the clear lead in the cinema world from both a screen number and a box office gross perspective and allowed AMC access to smaller, more rural communities that it had not enjoyed; to that point, the majority of the company's theaters had been in larger, more metropolitan areas.
Throughout his tenure, Aron's circuit has generally been the leader in innovation, from multi-sensory cinematic experiences to in-theater dining to lounge seat retrofitting. But where Aron has most pointedly made his mark is arguably with the AMC Stubs A-List subscription service.
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