Live Nation Chairman Irving Azoff and President and CEO Michael Rapino made a combined $38.7 million in compensation from the company in 2010, according...

Live Nation Chairman Irving Azoff and President and CEO Michael Rapino made a combined $38.7 million in compensation from the company in 2010, according to the Wall Street Journal and financial filings with the Securities and Exchange Commission. Rapino received $15.9 million in total compensation, while Azoff received $22.8 million. The pair’s separate compensation packages increased in 2010 and included salary, stock and certain incentive bonuses, which were partly tied to the completion and performance of the Ticketmaster/Live Nation merger. The compensation packages grew despite the company’s increased net loss and declining operating income, according to the Wall Street Journal.