MGM executives take pay cuts, buy stock to build confidence

MGM Resorts International acting CEO and president William Hornbuckle took a $300,000 pay cut this week and agreed to take his new $1.1 million salary in stock, not cash. Two other MGM executives also took pay cuts and Hornbuckle and other insiders bought stock in MGM Resorts International, the parent company of MGM Springfield, according to documents filed with the federal Securities and Exchange Commission.

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