CEOs keep sacrificing their salaries to help employees during this crisis—but they’re still making bank
Justin Sullivan/Getty ImagesThe chief executives of large U.S. companies whose businesses have been paralyzed by coronavirus restrictions, forcing worker furloughs and staff pay cuts, are giving up most, or all, of their salaries.
This is largely seen as a gesture of goodwill: many of these titans make the majority of their annual compensation in stock awards and performance bonuses, allowing them to live far from the reality devastating millions of Americans out of work who lived paycheck-to-paycheck, some of whom were employed at these massive corporations. , which was only $3 million of the $47.5 million he received last year.. In 2019 Culp’s salary was $2.5 million of a total $24.
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