William Joseph Hornbuckle IV is the President, CEO, and Director of the company. He previously served as Chief Marketing Officer at MGM Resorts International from 2009 to 2012. He has an extensive background in leadership roles within the hospitality and gaming industry, including positions at Mandalay Bay Resort & Casino, MGM Resorts International-Europe, MGM Grand Las Vegas, and Mirage Resorts.
Additionally, Hornbuckle holds a Bachelor of Science Degree in Hotel Administration from the University of Nevada, Las Vegas, and is actively involved in philanthropic efforts. This article aims to delve into Bill Hornbuckle’s net worth while providing insights into his recent acknowledgement as the CEO of MGM Resorts, where he expressed gratitude for guests’ patience during a cyberattack. Moreover, we will explore any pertinent information regarding insider trading in this article.
The Net Worth And Annual Income Of William Hornbuckle
William Hornbuckle’s estimated net worth stands at a minimum of $42.5 million as of October 2, 2023. He possesses more than 32,672 units of MGM Resorts International stock, valued at over $10,529,750. Over the past 13 years, he has sold MGM stock amounting to over $25,668,429. Furthermore, in his role as President, Chief Executive Officer, and Director at MGM Resorts International, he earns a substantial annual income of $6,289,560.
In his roles as the President, Chief Executive Officer, and Director of MGM Resorts International, William Hornbuckle receives a total compensation of $6,289,560. Notably, among the executives at MGM Resorts International, he is the highest-paid. Keep reading for more.
William Hornbuckle’s MGM Stock Insider Trading In SEC Form 4
William Hornbuckle has been actively involved in trading MGM Resorts International stock since 2010, with a total of 86 trades reported in SEC Form 4 filings. His most recent transaction involved exercising 32,672 units of MGM stock on October 2, 2023, valued at $1,136,659.
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Among these trades, the largest one occurred on April 1, 2022, when he exercised 301,436 units of MGM Resorts International stock, which amounted to over $10,486,958. On average, William conducts trades involving approximately 19,899 units every 35 days, considering his trading activity from 2010 onwards. As of October 2, 2023, he still maintains ownership of at least 302,666 units of MGM Resorts International stock.
CEO Bill Hornbuckle Of MGM Resorts Acknowledges Guests’ Patience During Cyberattack
After more than four days of disruptions affecting MGM Resorts guests, CEO Bill Hornbuckle has issued a public statement addressing the situation. Hornbuckle, who has been leading MGM, Nevada’s largest employer and operator of numerous Las Vegas Strip casinos, since July 2020, faced his second major operational challenge this week due to a cyberattack on the company’s IT systems.
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The ransomware attack, which occurred on Sunday, September 10, 2023, had far-reaching consequences. MGM’s websites were taken offline, employee email access was blocked, and gaming and resort-wide hospitality operations were disrupted. Operational issues persist at MGM properties in Las Vegas and across the nation.
Digital room keys and self-check-in kiosks remain inactive, leading to lengthy lines at the front desk that have frustrated guests. In the gaming arena, some slot machines are functional, but players cannot receive vouchers to redeem their winnings at kiosk cashiers; they must wait for a slot attendant. Table games have experienced fewer disruptions.