MGM cut $32 million pay deal with CEO who left to fight pandemic Christopher Palmeri and Anders Melin, Bloomberg · March 25, 2020 at 7:57 pm Few businesses have been hit as hard by the coronavirus pandemic as MGM Resorts International. By last week, it had closed all its U.S. casinos, furloughed tens of thousands of workers and started layoffs. The stock was pummeled and outgoing Chief Executive Officer Jim Murren had visited Washington to ask for financial aid. Then on Sunday, MGM’s directors said Murren would step down immediately, accelerating plans announced last month. They handed the executive, who is going to work for the Nevada governor, $32 million in exit payments — sidestepping his original job contract, which entitled him to nothing if he left the company voluntarily.