Penn Entertainment’s shareholders have finally rallied and decided to slash the remuneration package of CEO Jay Snowden this year, with the cap now set at a maximum of $17.4 million from previously $25.3 million.
Penn Entertainment’s shareholders have voted to reduce CEO Jay Snowden’s pay package to $17.4 million, down from the previous $25.3 million. This move comes as part of the brand's efforts to recalibrate and readjust its financial structure in response to shareholder feedback.