Rob Goldstein’s Sands pay package plunges 18.7% in 2016

Las Vegas Sands Corp president and chief operating officer Robert Goldstein saw his compensation package drop 18.7 percent year-on-year in 2016.

In a proxy filing, the Las Vegas-based casino operator said Goldstein’s total compensation reached $8.20 million, down from the nearly $10.09 million the Sands executive received in the prior year period.

The news comes after Las Vegas Sands reported a 15.1 percent year-on-year drop in its net income for 2016, to $1.67 billion.

Goldstein, however, received a bonus totaling $3.23 million in February for his 2016 performance, although the executive did not get any stock grants for that year. Sands filing noted that the bonus was “based on the company’s achievement of 95.1 percent of its predetermined nine-month EBITDA-based performance target.”