Are the CO's taking paycuts to help the company? What about the board of directors? Low man always bites the dust!!
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yeah, CEO takes a "pay" cut of 25%, everyone else either 15% or 20%. He gets millions in stock options and other non-cash compensation. I get, if I am lucky, a thousand. He loses 25% of minimal portion of the total package. I lose 15% of almost all. Who hurts the most???? If he were savvy, which he isn't, he would say that the employees in Texas get a maximum of $521 a week unemployment compensation, which represents a significant cut for most employees (and many will not get anywhere close to $521). Why doesn't the whole e-Team offer to suffer along with the rest of us and say they will only draw $521.
https://community.southwest.com/t5/Blog/Southwest-CEO-Gary-Kelly-Discusses-Ongoing-Business-Impact-of/ba-p/106312
True example of a CEO that wants to lead by example. He talks about taking no salary this year, if necessary.
this is wrong on so many levels.
25% of a 10M salary is different than 25% of a 75K salary.
The "shared sacrifice" means higher percentage for higher salaries.
CEO should forgo his salary for the rest of the year if he really cares about saving the company
Everyone has taken a temporary pay cut but executives have also been given a semi-long term cash incentive that will make up for it. Per a recent SEC filing:
On March 6, 2020, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Sabre Corporation (the “Corporation”) approved a long-term cash incentive compensation .....Participants in the Long-Term Cash Program include the Corporation’s executive officers, other than the Corporation’s CEO. The Long-Term Cash Program is intended to provide additional incentive for participants to successfully execute on certain of the Corporation’s strategic deliverables. The Long-Term Cash Program provides for cash awards to participants based on the Committee’s determination of the Corporation’s level of achievement of the strategic deliverables during the period from January 1, 2020 through December 31, 2021, with the amount of the earned award ranging from 0% to 100% of the target cash award....
why does the board even get paid !
How absurd !
CEO with such salary is taking 25% pay cut while many people will be getting 0 for whole 2 months. This is ridiculous.
CEO taking 25% pay cut on 10% of total compensation package = 2.5%
25% ridiculous!!
CEO and board members take 25% pay cut.
25% pay cut is relatively low comparing to other organization CEO taking 50% and above.
Yes Ceo and board are taking a pay cut. This was announced over a month ago.