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Some CEOs are giving up their salaries to help stop coronavirus layoffs

25 Mar 2020

From airlines to gyms, CEOs are forgoing money to help keep their companies afloat (but remember, many CEOs make a lot more money than just their salaries).

As the country responds to the coronavirus pandemic with citywide lockdowns and en masse social distancing, numerous businesses have closed, and millions of Americans are out of work. We’re in the midst of an economic crisis as well as a health crisis. One response, as companies work to figure out what path to take, is CEOs cutting their own pay to help protect companies from layoffs or closure.

Read the full article here.
This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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