Live Nation CEO Michael Rapino Sells $150 Million in Company Stock

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Live Nation Entertainment CEO Michael Rapino cashed out over $150 million worth of company stock in a series of trades over the past month, according to SEC reporting. The stock had been acquired through the exercise of options he had received back in 2012 that were set to expire this year, according to Celebrity Access. The trades took place between March and April of this year.The CEO of Live Nation since 2005, Michael Rapino became the CEO of Live Nation Entertainment following the merger of Live Nation and Ticketmaster in 2010.