Shapiro gets 30% raise despite Six Flags' problems

Posted | Contributed by Jeff

A filing made Monday with the Securities and Exchange Commission said Mark Shapiro, who took over as president and CEO of Six Flags last December, will be paid $1.3 million next year. His previous employment agreement set Shapiro's salary at $1 million. The new agreement pumps up Shapiro's target bonus to $1.3 million from $1 million, and increases his maximum bonus to $2.6 million instead of 200 percent of his base salary, or $2 million.

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