that's a hefty sum. Not just a token donation.
Chip on shoulder about discrimination issues much?
http://en.wikipedia.org/wiki/CinemarkCinemark Theatres (NYSE: CNK) is the third largest movie theater chain in North America (only Regal Entertainment Group, National Amusements and AMC Entertainment Inc are larger). Cinemark Theatres was founded in 1984 as a small chain of theatres and has since expanded. The company is based in Plano, Texas, and its theaters can be found in several countries.
Cinemark Theatres can have up to 25 screens, but Cinemark Theatres no longer builds new 24 or 25 screen theaters. Depending on how busy a theater is, it is classified between a level 1 (the lowest) and a level 6 (the highest). Level 6 theaters typically have over 1.25 million customers per year. Cinemark USA recently acquired Century Theatres, adding more than 80 locations (including some locations with 24 or 25 screens) with over 1000 total screens to its current crop.
United States Department of Justice lawsuits
In 1997, several disabled individuals filed a lawsuit against Cinemark, alleging that their stadium style seats forced anyone in a wheelchair or who was otherwise incapable of climbing steps to sit in the front row of the theatre, effectively rendering them unable to see the screen without assuming a horizontal position. The case was heard in El Paso district court as Lara v. Cinemark USA, where a judge ruled that the architecture of Cinemark's theatres violated the Americans with Disabilities Act.
The ruling was later overturned by the Fifth Circuit Court of Appeals, which ruled that, according to the ADA, Cinemark only had to provide an "unobstructed view." Since, by sitting in the front row, handicapped patrons' view was only awkward and not technically obscured, Cinemark was not violating the law.<1>
In response, the United States Department of Justice, which had appeared at the appeals hearing amicus curiae, filed their own suit against Cinemark while appealing the appellate court's decision. The DOJ argued that, while Cinemark was not technically violating the ADA, it was nevertheless discriminating against handicapped patrons by relegating them to the worst seats in the auditorium. <2> Cinemark responded by filing a lawsuit against the Department of Justice, alleging misconduct on the DOJ's behalf. <3> Cinemark's lawsuit was thrown out, and the Department of Justice proceeded with its lawsuit. Cinemark ultimately agreed to settle out of court before the court came to a ruling, agreeing with the DOJ that it was in the company's best interest to end litigation before a ruling was issued.<2>
Forbes Profile of Stock:
http://people.forbes.com/profile/alan-w-stock/19522 Alan W. Stock
CEO
Cinemark Holdings, Incorporated
Plano , TX
Sector: SERVICES / Movie Production (Theaters)
Officer since August 2006
47 Years Old
Alan W. Stock has served as Chief Executive Officer since December 2006. Mr. Stock served as President from March 1993 to December 2006 and as Chief Operating Officer from March 1992 to December 2006. Mr. Stock also served as a director from April 1992 to April 2004. Mr. Stock was Senior Vice President from June 1989 to March 1993.
Compensation
Salary $580,000.00
Bonus $58,000.00
Other Annual Compensation $0.00
Long term incentive plan payouts $0.00
Restricted stock awards $0.00
Security underlying options $0.00
All other compensation $6,868,568.00
Option awards $ $415,761.00
Non-equity incentive plan compensation $0.00
Change in pension value and nonqualified deferred compensation earnings $0.00
Total Compensation $7,922,329.00