CEOs keep sacrificing their salaries to help employees during this crisis—but they’re still making bank
Justin Sullivan/Getty ImagesThe chief executives of large U.S. companies whose businesses have been paralyzed by coronavirus restrictions, forcing worker furloughs and staff pay cuts, are giving up most, or all, of their salaries.
Stock and performance awards will likely be reduced if shares and financial results don’t recover by year-end., which was only $3 million of the $47.5 million he received last year.. In 2019 Culp’s salary was $2.5 million of a total $24.
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