Live Nation Entertainment’s latest quarterly report comes with a treat for pay watchers: the full employment agreement for Da-Wai Hu, its executive vice president, general counsel and secretary. The filing gives the job the duties of a chief legal officer at a public company of its size, and the price is in plain print. Base salary is $1,000,000. The annual bonus targets up to 100% of base, half tied to the company’s adjusted operating income target and half to personal goals. Miss the company target and the bonus is zero, whatever the GC did that year.
Equity is the real swing. The CEO will recommend yearly grants targeted at 100% of base from 2027, and about 28,924 performance shares are earned only as the stock clears ten price targets from $193.895 to $283.895. The term runs through 2031. Last month we looked at MSG’s new legal chief, another entertainment contract. Our guide tracks general counsel salary surveys for comparison, and our entertainment counsel jobs page shows who is hiring.
From the agreement: “During the Term, Live Nation will initially pay the Employee an annual gross base salary (the “Base Salary”) of $1,000,000.”
Read: Live Nation Entertainment, Inc. Form 10-Q Exhibit 10.3 (Employment Agreement, Da-Wai Hu) at Live Nation Entertainment (SEC filing)