Hundreds of companies across all industries and around the world have announced in recent days drastic cuts to the salaries of their senior executives as one way to reduce the unprecedented financial blow caused by the coronavirus pandemic. Some executives are even graciously foregoing salaries to help their employees.
The airline, restaurant, hospitality, and transportation industries have been especially hard hit. Below is a list, broken down by industry, of companies that have announced executive pay cuts. The list is by no means comprehensive, but rather provides a glimpse into what emerging impact the coronavirus is just now starting to have on decisions around executive compensation.
