Long time lurker and first post, so I can’t give this a new thread, but I believe it certainly warrants one.
7:21am Reuters put out an article in the business news section titled: “U.S. firms shield CEO pay as pandemic hits workers, investors”
It reports: “Reuters found 75 other companies that disclosed they are considering changes to executive pay plans in light of the pandemic's impact on their businesses. Among them are ridesharing giant Uber Technologies Inc, hotel operator Hilton Worldwide Holdings Inc, carrier Delta Air Lines Inc, satellite radio company Sirius XM Holdings Inc and Thomson Reuters Corp, the parent company of Reuters News.
It goes on to say: “Delta said in a filing that its performance measures no longer suited the “current reality” and that the value of executives’ incentive pay had declined by more than half in the pandemic.”
As one starting my 5th year here and near the danger zone, I want to say since declining pay seems to not suit our executives, it also doesn’t suit me.
Full pay until furlough day with no gives!