Chief executives of companies such as Walt Disney and Marriott International decided to show solidarity by foregoing some of their pay, but a study found that their reductions were equivalent to 10% or less, even as the companies saw large layoffs
Arne Sorenson, chief executive of Marriott International, during a meeting with President Donald Trump and other travel industry executives at the White House in Washington on March 17, 2020. The pandemic prompted companies to furlough or lay off thousands of employees and some chief executives decided to show solidarity by forgoing some of their pay, but it turns out that their sacrifice was minimal.
Image: Doug Mills/The New York Times
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