Re:Thank You MDN
by stu2b50 on Wednesday August 12, 2020 @10:37PM
(#24139415)
>Airbnb has suspended all of its marketing in an attempt to save $800 million this year. Its founders will also not take any salary for the next six months, and top executives will take a 50 percent pay cut, according to Reuters.
It's one thing to pay market rate for execs who do an excellent job on a rising company for a for-profit, another for a non-profit in decline.
And it's a different thing entirely when it's in a global pandemic and recession. CEOs of FOR PROFIT companies with far more financial success have cut their pay if nothing else as good symbol for the rest of the company.
It's one thing to pay market rate for execs who do an excellent job on a rising company for a for-profit, another for a non-profit in decline.
And it's a different thing entirely when it's in a global pandemic and recession. CEOs of FOR PROFIT companies with far more financial success have cut their pay if nothing else as good symbol for the rest of the company.