New York Times: As the Pandemic Forced Layoffs, C.E.O.s Gave Up Little

New York Times: As the Pandemic Forced Layoffs, C.E.O.s Gave Up Little. “When the pandemic prompted companies to furlough or lay off thousands of employees, some chief executives decided to show solidarity by forgoing some of their pay. But it turns out that their sacrifice was minimal. A survey of some 3,000 public companies shows that the cuts — which, so far, have come in the form of salary reductions — were tiny compared with their total pay last year. Total pay includes things like bonuses and stock awards that typically make up the bulk of what corporate bosses take home.”

Leave a Reply