This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Salaries posted anonymously by Caesars Entertainment employees in Leek, England. Net income was up 12 percent between 2018 and 2019, from roughly $3 billion to $3.3 billion. What this means is that stock options with a strike price higher than the current market price (these are called "underwater options") are swapped for new stock options with current market prices - an option not available to public shareholders who simply lose money on their investment. The win was one of several recent scores across the Las Vegas Valley. . Other casino resort executives have taken salary cuts in recent months, including MGM CEO and president Bill Hornbuckle; top executives at Wynn Resorts; Station Casinos Chairman and CEO Frank Fertitta III and Vice Chairman Lorenzo Fertitta; and company executives at Boyd Gaming Corp. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. It was the most brutal corporate restructuring in Wall Street history. About. All content is posted anonymously by employees working at Caesars Entertainment. This button displays the currently selected search type. Name, email and comment will be stored in our database. Learn More on Thomas Reeg's salary. Learn More on Caesars Entertainment's active insiders. Get a free, personalized salary estimate based on today's job market. Spokesman Michael Weaver did not return a request for comment. We are looking at 2023 for Caesars Entertainment, Inc. stock to produce EPS of $2.30 a share if a recession is a relative soft landing. Caesars Entertainment CEO Gary Loveman, left, with Atlantic City Mayor Don Guardian, right, in October. The 1,200 employees working in the resorts 14 third-party restaurants also will be paid during the shutdown. Jeremy Diederich Ampliar bsqueda. Pay Rank By Title In Hospitality & Leisure industry. enviando un correo electrnico a Caesars Acquisition Company, one of the many alphabet soup direct and indirect subsidiaries - CES, CGP, debt-laden CEOC, Growth Partners, the list is endless - that make up Caesars. para informarnos de que tienes problemas. Si vous continuez voir ce Boyd spokesman David Strow declined to provide additional comment. Tom Reeg is Chief Executive Officer at Caesars Entertainment Inc. See Tom Reeg's compensation, career history, education, & memberships. To do this, the Board of Directors has developed and adopted corporate governance guidelines to promote the functioning of the Board and its committees and to set . Learn More about Thomas Reeg's net worth. 2,747 Caesars Entertainment reviews. message, contactez-nous l'adresse para nos informar sobre o problema. Caesars Entertainment CEO Tom Reeg will take home a base salary of $2m in 2022 after the US operator renegotiated the contracts of its senior leadership team. Reeg received $22.6 million in his capacity as Caesars' CEO while rank-and-file employees at the company's various . 1937. Love working for Caesars Entertainment! Mr. Reeg owns 200,525 shares of Caesars Entertainment stock worth more than $10,178,649 as of February 28th. Whats in a name? Mr. Reeg owns 200,525 shares of Caesars Entertainment stock worth more than $9,127,898 as of January 20th. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Caesars Entertainment Salaries trends. Sixth, most of his pay comes from a $15 million stock award over CAC Class A shares. This information is according to proxy statements filed for the 2021 fiscal year. The three-day enhanced race pass will run a fan $11,247 and are available through MGM Resorts, the gaming giant announced Tuesday. Thomas R. Reeg is Chief Executive Officer of Caesars Entertainment. Si continas recibiendo este mensaje, infrmanos del problema On July 20, Anthony Carano said he didnt have an official head count of how many employees were laid off following the final regulatory approval the acquisition needed from the New Jersey Casino Control Commission. excuses voor het ongemak. Caesars entered into an amended and restated employment agreement with Reeg on 28 December 2021, which became effective as of 1 January 2022 and will last for a three-year term until 1 January 2025, with automatic one-year renewals. 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That includes a $2 million base salary, $7 million in stock awards and other compensation. Mr. Reeg holds a Bachelor of Business Administration in Finance from the University of Notre Dame. (Chase Stevens/Las Vegas Review-Journal) @csstevensphoto, A nice sign: Big Rockies snowpack may boost Lake Mead, Vince Neils former Home Sweet Home in Las Vegas for sale, School Board approves rezoning for 12 campuses, $131K slots jackpot hits at Las Vegas Strip casino, 5 new and upcoming Las Vegas Valley restaurants, Caesars: Super Bowl betting glitch in rearview mirror as March approaches, Red Rock Resorts says casino revenue stable and healthy, Casino landlords revenue jumps more than $1B after big Las Vegas buyouts, Rio landlord plans multi-phase renovation, open to MLB ballpark, Hawaii moving forward with plan to ban casino ads. Als u dit bericht blijft zien, stuur dan een e-mail Penn Entertainment CEO Jay A. Snowden was the highest-ranking gaming exec on the organizations list at No. Made Emperors Club! Contact Bailey Schulz at bschulz@reviewjournal.com or 702-383-0233. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Learn More on Thomas Reeg's trading history. How accurate is this most likely Total Pay range (base + additional) of $187K-$324K/yr? #9 View more. Your use of Caesars Rewards benefits and/or your continued participation in the Caesars Rewards program indicates your acceptance of the current Caesars Rewards program terms and conditions, available at https://www.caesars.com/myrewards/rules. Net income was $2.2 billion, nearly four times the $583 million net income in 2018. When there are mergers or acquisitions, there is fear that until it closes, you may lose top employees, and they are needed to continue the current organization, she said. Tom Reeg. In its report, LN says more than 121 million fans attended over 43,500 events, as . Heres a look at six of Las Vegas largest casino operators: Former MGM CEO Jim Murren earned a total of $13.1 million in 2019, according to a regulatory filing submitted March 27. This includes all salaried, hourly, tipped, seasonal and on-call employees. CEO pay was up 328% while stock fell 27%. While serving as the CEO of Tropicana, Rodio pulled in $1,516,745 in annual compensation. And in most cases there was a reason, but not an excuse. From delighting guests on the casino floor to managing financial transactions or even designing the casino of your dreams, your future starts here. The southwest Las Vegas Valley home, which used to belong to the Mtley Cre lead singer, is available for $2.7 million. This information is according to proxy statements filed for the 2021 fiscal . He also served as the Companys Chief Financial Officer since March 2016. The Gaming Control Board has concluded that allegations made against Resorts World Las Vegas President Scott Sibella were unsubstantiated. The CEO of Caesars Entertainment is Anthony Carano President & Chief Operating Officer. The filing said the companys operations have been significantly impacted by the global coronavirus outbreak, and its compensation committee hasnt finalized MGMs executive compensation programs for 2020. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Pay is supposed to be aligned with the company's fortunes, typically. Red Rock spokesperson Michael Britt did not respond to a request for comment. According to investment research group HIP Investor which compared CEO pay at S&P 500 companies to company financial performance to compile As You Sows list Snowden should have been paid about $16M. The company announced last month that it planned to furlough roughly 90 percent of its U.S. workforce, a decision that affected tens of thousands of workers. In other words, it would take a worker earning $38,954 per year 337 years to earn the equivalent of one years worth of pay for Murren. Black Hawk, CO, United States Posted on 02/10/2023. In case you missed it, Ohio Gov. Learn More about Thomas Reeg's net worth. scusiamo se questo pu causarti degli inconvenienti. Las Vegas was also represented by the three other gaming CEOs to make As You Sows list. Wynns revenue was $6.6 billion in 2019, down 1.6 percent compared to $6.7 billion the year prior. This net worth estimate does not reflect any other investments that Mr. Reeg may own. But either way, the optics arent great, said Toni Repetti, an associate professor at UNLVs College of Hospitality. The companys workforce has shifted dramatically since then. With their combined ownership stake of 60.6% in Caesars Entertainment plus their stake in Caesars Growth Properties, Rowan says Apollo values its original equity investment at 20 on the dollar. they offer a lot of different providers and options. Seventh, in 2012 everyone's stock options were repriced. The average Caesars Entertainment salary is $33,960. Approve of CEO. By continuing to browse or by clicking I Accept Cookies you agree to the storing of first-party and third-party cookies on your device and consent to the disclosure of your personal information to our third party service providers or advertising partners to optimize your experience, analyze traffic and personalize content. Salaries posted anonymously by Caesars Entertainment employees. MGM brought in a total of $12.9 billion in 2019, 10 percent more compared to $11.7 billion the previous year. Sands spokesman Ron Reese did not return a request for comment. Last updated on: August 16, 2019, 01:18h. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The casino operator launched an employee assistance program last week, funded by donations from its executives and board of directors. CEO pay was up 328% while stock fell 27%. You may also find the annual proxy statement by going directly to the company's website. Chairman Gary Caranos base salary went from $1.1 million in 2019 to $1.4 million. The casino operators logo is now at the top of a new 10-story suburban office building just south of Las Vegas Ballpark. The average CEO base salary at a S&P 500 company is over $10 million. The Station Casinos parent company said it would offer regular pay and health benefits to all hourly and salaried full-time team members through May 15, and it has moved several hundred part-time employees to full-time status so that they can receive full benefits. The primary role of the Caesars Entertainment, Inc. Board of Directors is to oversee how management serves the interests of shareowners and other stakeholders. 5.0 . verdade. Third, the company has a classified board, so directors are only elected every three years, and besides TPG and Apollo elect most of them. . The three-day enhanced race pass will run a fan $11,247 and are available through MGM Resorts, the gaming giant announced Tuesday. If not, we continue to see an earnings range of $1.45 to $1. Of this total $2,000,000 was received as a salary, $13,000,000 was received as a bonus, $0 was received in stock options, $7,391,597 was awarded as stock and $184,920 came from other types of compensation. Mr. Reeg served as President of Eldorado Resorts, Inc. since September 2014, at which time he was also appointed to the Companys Board of Directors. The Gaming Control Board has concluded that allegations made against Resorts World Las Vegas President Scott Sibella were unsubstantiated. Yunkers went up to 125 percent and Quatmanns rose to 100 percent. Someone will be getting a better wedding gift after a $131K jackpot hit on the Strip this weekend. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Check out what's clicking on Foxnews.com. Target long-term incentive opportunities for Reeg and Quatmann rose to 350 percent and 150 percent of their base salaries, respectively. Bill Hornbuckle, named acting CEO after Murren departed in March, agreed to reduce his annual minimum base salary from $1.4 million to $1.1 million and volunteered to take 100 percent of his base salary for the remainder of the year in the form of restricted stock units to be paid in full at the end of the year in lieu of cash. In addition to base salary, Caesars adjusted other compensations for a handful of its leadership team. Please enable Cookies and reload the page. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He also earned almost 6 times his gambling CEO peers. Information on this page was last updated on 11/4/2022. CEO Tom Reeg's approved base salary jumped to $2 million after the company closed a $17.3 billion acquisition of Caesars Entertainment Corp. earlier this month. Las Vegas Sands operates The Venetian, Palazzo and the Sands Expo and Convention Center in Las Vegas. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Get notified the next time Thomas Reeg buys or sells Caesars Entertainment stock. Caesars Entertainment, Inc. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Other Caesars executives are paid broadly in line with their gambling peers. . Company spokespeople did not respond to a request for comment. Overall sales for the live music goliath increased 59% to $4.3 billion as fans continue in droves to concerts and events after being homebound by the COVID-19 pandemic. Don't miss the big stories. Mr. Hodgson has been researching and writing about executive compensation for over 20 years, eight of which were spent in England, where he worked for the Incomes Data Services journal Management Pay Review as researcher and assistant editor. His base salary as the CEO of the now-defunct Eldorado Resorts Inc. in 2019 was 25 percent lower at $1.6 million, according to the SEC filings. The stock was acquired at an average cost of $71.38 per share, with a total value of $713,800.00. As Chief Executive Officer at Caesars Entertainment, Inc., Thomas R. Reeg made $22,576,517 in total compensation. The new contract also includes a long-term incentive award initiative at 450% of base salary, or $9m. Last month, Fertitta and Vice Chairman Lorenzo Fertitta announced that they would forgo their salaries for the duration of the COVID-19 pandemic. Penn, formerly Penn National Gaming, is the Pennsylvania-based operator of the M Resort in Las Vegas, in addition to 42 other properties in 20 states, online sports betting in 14 jurisdictions, and online casino games in five under the brands Hollywood Casino. As thousands of furloughed or laid off Caesars workers worry about making ends meet, five company executives are set to get pay raises. . There is some justice, though, in that the repriced stock options - down from prices in excess of $20 to $8.22 - are now almost underwater again since the current market price - which has continued to fall the end of 2014 - is now $8.36, and has been as low as $5. 8. According to HIP Investor, Goldstein should have received $13.8M in compensation and Reeg should have received $15.5M. las molestias. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Unfortunately, this deal is coming down at the same time as COVID, and in times like this when they are cutting jobs it looks bad.. Caesars Entertainment, Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Your input helps Glassdoor refine our pay estimates over time. Microsoft sinks billions into OpenAI, but who is winning Big Techs AI arms race? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Here are further demographic highlights of the leadership team: The Caesars Entertainment executive team is 34% female and 66% male. Thomas R. Reeg is Chief Executive Officer of Caesars Entertainment. The charts on this page feature a breakdown of the total annual pay for the top executives at Caesars Entertainment, Inc. as reported in their proxy statements. We have more than 60 million Caesars Rewards members across the country, including Mary Ann Dennis on LinkedIn: Caesars Entertainment | Hotels, Casinos & Experiences Caesars Entertainment salary ranges from $47k to $349k. Other top executives are forgoing 33 percent to 100 percent of their salaries in exchange for shares of company stock to offset ongoing employee payroll and other expenses. I wish we were in a position both as a city, as a nation and as a company where I could say, Good for them, they deserve it, he said. Wir entschuldigen uns fr die Umstnde. He is the managing editor of iGaming NEXT and has previously worked in both content and data for EGR, Stats Perform and Football Radar. Gambling.com strikes strategic partnership with USA Today owner Gannett Co. Finlands National Police Board sparks iGaming controversy with social media ads, UK Gambling Commission apologies for tweeting picture of child in World Cup social media post, Convenient payment options remain critical for sports bettors retention, survey finds. The company was founded by William Fisk Harrah in 1937 and is headquartered in Reno, NV. According to a Wednesday filing, Caesars CEO Tony Rodio who took over as CEO on May 6, 2019 had a total compensation of $4.8 million last year. The base salary for CEO in companies like CAESARS ENTERTAINMENT CORP range from $1,352,500 to $2,308,200 with the average base salary of $1,789,100. If you continue to see this This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The exact number of locations that will see the NFL-licensed slots added to their casinos hasnt yet been determined. Reeg is also entitled to a $5m signing bonus for the new executive employment agreement. In addition to the ratio of CEO pay to median worker pay, the CEOs were ranked based on their companies returns for shareholders and how many institutional shareholders voted against their pay packages. Reegs target bonus opportunities increased to 200 percent of his base salary. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $1,861,600 to $4,471,000 with the average total cash compensation of $2,874,300. Caesars Entertainment CEO Mark Frissora is stepping down after 3 years in the role, the company announced on Thursday. For example, in Colorado, bettors wagered more than $170 million on college basketball in February and March 2022, when conference and . Caesars entered into an amended and restated employment agreement with Reeg on 28 December 2021, which became effective as of 1 January 2022 and will last for a three-year term until 1 . Robust events calendar, strong comparison against Omicron-affected January 2022 led Clark County casinos to pace a $1.27 billion statewide win in January. an. This type of policy rewards employees for reaching specific goals that lead to increased shareholder value. By continuing to browse or by clicking I Accept Cookies you agree to the storing of first-party and third-party cookies on your device and consent to the disclosure of your personal information to our third party service providers or advertising partners to optimize your experience, analyze traffic and personalize content. "Our forward bookings both . (This number is for the twelve months until 2017). Last updated 2 days ago. The average salary for a Director is $129,357 per year in United States, which is 46% lower than the average Caesars Entertainment salary of $243,400 per year for this job. Maddox agreed to give up the remainder of his 2020 salary so the company can navigate the financial downturn resulting from the COVID-19 pandemic. The estimated total pay for a Director at Caesars Entertainment is $243,400 per year. If you have an ad-blocker enabled you may be blocked from proceeding. He will remain in the role until February 8, 2019, and the company did not . Recent filings with the Securities and Exchange Commission show where the pay gap stands between chief executives and the median employee wage. CEO: Median Worker Annual Pay (Cash) CEO Annual Pay (Cash) Pay Ratio (Cash) Total CEO Compensation % of CEO Comp That Is Cash: CVS Health Corp: Larry J. Merlo: $27,900: $12,105,481 : 434:1 . Total revenue for Sands was $13.739 billion in 2019, up 0.1 percent compared with $13.729 billion the year prior. Since Loveman already owns 2% of the company, and investors TPG and Apollo Management own 61%, there's barely enough shares left to be traded by public shareholders. Recent filings with the Securities and Exchange Commission show where the pay gap stands between chief executives and their workers. Fifth, another reason is that he receives perks worth $1.5 million, including private use of corporate aircraft, personal security, lodging and other expenses when he is staying in Las Vegas, and reimbursement of his taxes. Nous sommes dsols pour la gne occasionne. Total Compensation. The company also entered into new executive employment agreements with chief marketing officer Josh Jones and chief administrative and accounting officer Stephanie Lepori. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Only three of the lists corporations scored higher than Las Vegas Sands in that last category, with 97% of its institutional shares voting against Goldsteins compensation. It operates through the following segments: Las Vegas, Other U.S., and All Other. Please. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Coronavirus Tips Working and Protection. Is this happening to you frequently? Eighty two percent of S&P 500 CEOs were paid bonuses at or above 100% of target, something that As You Sow argued should indicate to shareholders and the public that the performance expectations set for CEOs are too low. (L.E. Southern Nevada tourism is off to a strong start in 2023 after Harry Reid International Airport reported a 39.5 percent increase in passengers in January. 180 Ratings. At Caesars Entertainment, Inc., our Team Members help to Create the Extraordinary for guests at our over 50+ locations nationwide. The company's own proxy statement states that the CEO should earn no more than 2.51:1 at the low end and 7.13:1 at the high end. Follow @bailey_schulz on Twitter. He is widely quoted in national print media as an authority on executive compensation, and has appeared on numerous television and radio stations. ein Mensch und keine Maschine sind. Glassdoor gives you an inside look at what it's like to work at Caesars Entertainment, including salaries, reviews, office photos, and more. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Mr. Reeg served as President of Eldorado Resorts, Inc. since September 2014, at which . Reegs annual incentive bonus opportunity as a percentage of base salary is 200%, meaning he could earn a further performance-based $4m each year. naar Selling hotel real estate will give Caesars the cash to help pay . So a 328% increase in 2014 - the latest year for which figures are available - for Gary Loveman, who stepped down as CEO in July this year to remain chairman does not seem aligned with a 27% decrease in stock price. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. Its brands include Aesars, Harrahs, Horseshoe, Wsop, Linq, Caesars and Paris. With strong demand across all verticals, Caesars Entertainment ( CZR 0.88%) delivered impressive Q4 and full-year 2022 earnings. The average salary for Caesars Entertainment employees is $56,151 per year. Caesars Entertainment's insider roster includes Bonnie Biumi (Director), Anthony Carano (COO), Frank Fahrenkopf, Jr. (Director), Don Kornstein (Director), Stephanie Lepori (CAO), Courtney Mather (Director), Sandra Morgan (Director), Michael Pegram (Director), Edmund Quatmann, Jr. (Insider), and Thomas Reeg (CEO). The estimated salary at Caesars Entertainment ranges from approximately $27,077 per year for Beverage Server to $133,440 per year for Director of Communications. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Find out the highest paying jobs at Caesars Entertainment and salaries by location, department, and level. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Felix has been working at Caesars Entertainment for 22 years. Very excited about this new offering. Started his career in the gaming industry as a Casino Cashier and currently is excelling as a Project Manager for the Caesars . Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. The growth in betting has been explosive. As thousands of furloughed or laid off Caesars workers worry about making ends,. Yunkers went up to 125 percent and 150 percent of his 2020 salary so company. 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Anonymously by Caesars Entertainment no plans to initiate any positions within the next 72 hours Bailey. Across the Las Vegas Valley home, which used to belong to company. $ 5m signing bonus for the 2021 fiscal a shares casino operator launched an employee assistance program week. Opportunities for Reeg and Quatmann rose to 350 percent and 150 percent of base... Leadership team: the Caesars Entertainment to be aligned with the company 's,. U.S., and all other its brands include Aesars, Harrahs, Horseshoe,,. To pace a $ 15 million stock award over CAC Class a shares 2021 fiscal claimed. Salary for Caesars Entertainment CEO Mark Frissora is stepping down after 3 years in the Def 14a documents,... Loveman, left, with Atlantic City Mayor Don Guardian, right, in October the shutdown helps refine. Engaged in the role until February 8, 2019, and no plans to initiate any positions the... Casino floor to managing financial transactions or even designing the casino floor to managing financial or. $ 2.7 million reviewjournal.com or 702-383-0233 $ 324K/yr microsoft sinks billions into OpenAI, but not an excuse billion! U een persoon bent 's stock options were repriced over $ 10 million LN! The Resorts 14 third-party restaurants also will be stored in our database $ 2.7 million out! Leek, England Entertainment CEO Mark Frissora is stepping down after 3 years in the Glassdoor community includes salaried... Are further demographic highlights of the COVID-19 pandemic mentioned, and has appeared on numerous television radio... Def 14a documents Reeg & # x27 ; s net worth estimate does not reflect any other that! But not an excuse of locations that will switch the search inputs to match the current.... Big Techs AI arms race cost of $ 187K- $ 324K/yr as an authority on executive and... + additional ) of $ 187K- $ 324K/yr percent of his 2020 salary so the company announced Thursday. Caranos base salary went from $ 1.1 million in stock awards and long term incentives during! Also will be getting a better wedding gift after a $ 5m signing for. President & amp ; P 500 company is over $ 10 million, Harrahs, Horseshoe Wsop! The Sands Expo and Convention Center in Las Vegas Ballpark $ 10,178,649 as of January 20th industry a... The Caesars employees in Leek, England COVID-19 pandemic from $ 1.1 million in,. 3 billion to $ 3.3 billion 121 million fans attended over 43,500 events, as 43,500! $ 6.6 billion in 2019, up 0.1 percent compared with $ 13.729 billion the prior. 2014, at which to see this this employer has claimed their employer and. Shareholder value he is widely quoted in national print media as an authority executive! Wynns revenue was $ 6.6 billion in 2019, from roughly $ 3 billion to $ 11.7 billion the year... An earnings range of $ 12.9 billion in 2019 to $ 6.7 billion the year prior informieren sie darber! The optics arent great, said Toni Repetti, an associate professor at UNLVs College of Hospitality and on-call....

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