Las Vegas Sands is extending the employment contract of President and COO Rob Goldstein another five years and raising his salary by $1.1 million.
The new agreement amends the company’s current 2014 agreement with the long-time Sands executive under which he is paid a base salary of $3.4 million a year. As of Jan. 1, 2020, that goes up to $4.5 million with options to purchase up to 2.5 million shares of LVS in installments of 500,000 shares over several years.
The new agreement runs through 2024 Goldstein, second in command to Chairman and CEO Sheldon Adelson, joined LVS in 1995 and from 1999 to 2010 served as president and chief operation officer of the company’s Las Vegas Strip flagship, The Venetian, and later its sister resort, Palazzo. In 2011, he was named president of Global Gaming Operations.
The Las Vegas resident serves on the boards of Opportunity Village, a local charity, The Adelson Drug Rehabilitation Clinic and the Emeril Lagasse Foundation. He is a graduate of the University of Pittsburgh and holds a law degree from Temple University in Philadelphia.
