As the Chairman at Live Nation, Irving Azoff earned a total compensation of $34,575,164 in 2011, which increased by 51.65% compared to 2010.

Of this total, $2,000,000 was earned as salary, $2,000,000 was received as a bonus, $1,173,427 was awarded as stock, $2,431,848 was received in stock options, $1,700,000 was awarded from non-equity incentive plan, and $25,269,889 came from all other compensation.

Mr. Azoff joined the company on January 25, 2010 upon the closing of the Ticketmaster merger.

A significant portion ($25,147,633) of Mr. Azoff's reported total compensation for 2011 relates to Mr. Azoff's ownership interest in Front Line, a company that he founded and had a significant ownership interest in prior to the company’s purchase of this interest in February 2011 ((i) payments of principal and interest totaling $10,019,628 on the Azoff Trust Note, which note was issued in exchange for preferred stock of Ticketmaster that had been paid to Mr. Azoff as partial consideration for the purchase of a portion of his equity interest in Front Line by Ticketmaster in October 2008, (ii) $1,945,527 in dividend payments on his Front Line restricted common stock (which dividends were paid pro rata to all the stockholders of Front Line, including the company), (iii) tax gross-up payments of $667,362 relating to such Front Line dividend payments and (iv) a tax gross-up payment of cash and newly-issued shares of Live Nation common stock totaling $12,515,116 related to the purchase of all his Front Line common stock and in-the-money options to purchase Front Line common stock). Excluding the foregoing amounts, Mr. Azoff's total compensation for 2011, including both cash and equity compensation, was $9,427,531.

Irving Azoff worked with Kathy Willard, Michael Rowles, Alan Ridgeway, Nathan Hubbard, and Michael Rapino at Live Nation in 2011.


Distribution
History
Compensation Data Fiscal 2011 Ends: Dec 31
  • Salary$2,000,000
  • Bonus$2,000,000
  • Stock Awards$1,173,427
  • Option Awards$2,431,848
  • Non-Equity Incentive$1,700,000
  • Other$25,269,889
  • Total$34,575,164
Company
Live Nation
Industry
Entertainment Production Equipment & Services
Sector
Cyclical Consumer Goods & Services