Steve Jacobs, President, Macao, Las Vegas Sands Corp and President and CEO of Venetian Macau Ltd, must have been doing a reasonably good job.
His bosses have just announced his entitlement to new share options in LVS. The 575,000 shares currently have a market value of US$6.14 million. Mr Jacobs can afford to wait and play the market however, as the options needn’t be exercised until 2019, by which time they could provide a tidy little retirement fund.
That’s on top of the 250,000 shares Mr Jacobs already owns in the company according to the Form 3 filing with the United States’ Securities and Exchange Commission.
Mr Jacobs has also made it onto this year’s Asian Gaming 50 list produced by our sister publication Inside Asian Gaming, at lucky number 13. It’s in recognition of his work in juggling a job as a budget-slasher with the need to inspire and lead the remaining troops and position the business for the economic upturn.
We wonder which bit of news he enjoyed the most?
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