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Trump's Casino Pay Topped $2M. in 200528 March 2006ATLANTIC CITY -- As reported by the Press of Atlantic City: "Donald Trump was paid nearly $2.3 million and his top two casino executives each received about $2 million in bonuses and stock awards in 2005, the same year the gaming company struggled in bankruptcy court, according to a securities filing. "Trump, chairman of Trump Entertainment Resorts Inc., earned $974,464 in salary and nearly $1.3 million from a 'services agreement' that requires him to make no more than six personal appearances a year to promote the company's three Atlantic City casinos. The services agreement pays Trump $2 million annually, but he did not receive the full amount in 2005 because the contract took effect later in the year. "Trump's salary of $974,464 represented a significant cut in base pay from the $1.5 million he received in 2004 and 2003 when he held the titles of company chairman and chief executive officer. He received no bonuses in 2005, the company disclosed in a federal Securities and Exchange Commission filing last week. "Trump relinquished the CEO position to James B. Perry after the company emerged from Chapter 11 bankruptcy protection last May..." copyrighted material written for and appeared exclusively in The Press of Atlantic City
Trump's Casino Pay Topped $2M. in 2005
is republished from Online.CasinoCity.com.
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