MGM Cut $32 Million Pay Deal With CEO Who Left to Fight Pandemic
- Murren wasn’t entitled to pay if he left MGM voluntarily
- CEO helped develop idea of group to lead Nevada response
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Few businesses have been hit as hard by the coronavirus pandemic as MGM Resorts International.
By last week, it had closed all its U.S. casinos, furloughed tens of thousands of workers and started layoffs. The stock was pummeled and outgoing Chief Executive Officer Jim Murren had visited Washington to ask for financial aid.