• CEOs are taking pay cuts as furloughs and layoffs mount. Is it actually helping?

    1 month ago - By Fortune

    Disney. Dick's Sporting Goods. Lyft. Marriott. Vice.
    Chief executives across industries are cutting their pay-often to zero-as part of their strategy to mitigate the coronavirus crisis. Such moves are good optics, certainly, but what do they actually achieve in terms of helping their businesses?
    According to Charles O'Reilly, a professor of organizational behavior at the Stanford Graduate School of Business, one reason top executives are giving up their pay is to attempt to create a feeling of unity. “It sends a signal : we care about you, we're in this together, and we're going to share...
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  • Royal Caribbean's CEO won't be paid until September and other executives are taking 25% pay cuts as the coronavirus ravages the cruise industry

    Royal Caribbean's CEO won't be paid until September and other executives are taking 25% pay cuts as the coronavirus ravages the cruise industry

    1 month ago - By Business Insider

    Royal Caribbean said Wednesday that its CEO would forego his salary until September in the wake of the coronavirus.
    Other executives are taking a 25% pay cut as the pandemic brings the industry to its knees.
    Richard Fain, who has been the company's CEO for decades, will likely still see hefty compensation in the form of stock options.
    Visit Business Insider's homepage for more stories .
    Royal Caribbean's CEO has volunteered to not take a salary through the end of September, the company said Wednesday , with three other executives taking a 25% pay cut as the coronavirus pandemic causes a...
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