New job, nice start. Allen Lo became chief legal officer of Madison Square Garden Entertainment on March 30, and the company’s new proxy puts his fiscal 2026 pay at $2,646,942 for roughly three months of work. Most of it is make-whole money: a $550,000 cash award for pay he forfeited at his last employer, plus a special RSU grant worth about $1.6 million. He also draws a separate paycheck as CLO of Sphere Entertainment.
The exit door pays too. Former general counsel Laura Franco, who left in October 2025, received $2.2 million, two times salary plus target bonus, and her stock awards vested on the way out. Negotiating a GC or chief legal officer offer? Ask for the buyout of what you leave behind, and read the severance terms before you sign. Our general counsel compensation guide has the benchmarks…
“Pursuant to the terms of his employment agreement, Mr. Lo was also provided a one-time cash award in the amount of $550,000, which was intended to compensate him for forfeited compensation from his previous employer and relocation costs and which is not included in the table above.”
Read: Madison Square Garden Entertainment Corp. 2026 Proxy Statement at SEC EDGAR