Many CEOs and board members have announced they will either not be taking any salary and/or are taking significant reductions in their salaries to the end of 2020..contd in comments

likefunny
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COMPANIES 👏 WILL 👏SCREW 👏YOU👏 OVER 👏IF 👏THEY 👏 NEED 👏TO REGARDLESS 👏

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EMPTY PR GESTURES, but better than nothing

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Did you google his net worth? Executives are required to disclose their stock sales. It looks like $65M out of $95M was in stock as of 3/4. Since then, it’s dropped 30%, so he’s lost $20M. And he offered to give up roughly $3M on top of that. You clearly don’t understand the definition of “empty promise”. As for buying predated stocks, analysts can do that too at some firms. Again, I’m not saying he’s hurting. But it’s not an empty promise.

Type faster

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This is to protect workforce layoffs and salaries to the extent possible. Have any of your CEOs and partners announced this commitment towards their employees (not including writing blogs but serious definitive commitments only)? PwC, Deloitte, KPMG, Accenture & other firms ??

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Didn’t know about it, but good to hear! Has leadership shared specifics around the pay cuts partners have taken? Has this been announced or it’s been yet another elusive announcement from the leadership? We haven’t heard anything close to being specific at PwC yet besides a blog post from CEO stating layoffs will be a last resort

Hurry up!

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Deloitte - yes we’ve announced it.

uplifting

Appreciate the honesty. Not just curious but really looking for transparency, not just outside but also within the firm. It’s tiring to listen to endless speeches but not knowing at the end of it what anything really even meant. Didn’t know this was discussed earlier but will look for that now. Thank you

CEOs and board members of major companies tend to be multimillionaires or billionaires already. If you're worth $50M already, not receiving $5M in salary or benefits doesn't really impact your lifestyle compared to someone worth 0 (or in debt) who doesn't receive their $50k in salary/benefits. Yes, it is a nice gesture, but the richer the executive is, the less meaningful the gesture.

$5M someone elects not to take is 50 employees they saved. It doesn’t matter if they’re rich or not - the point is that someone worth $50M giving up $5M is more valuable than someone worth $500k giving up $200k even if the percentages say otherwise. Executive pay, I agree is too high, but that’s a different conversation.

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