Not to excuse the relentless flow of money upward, but the two times we had to do (temporary) pay cuts in my career, it was 10-15% for employees, paid back eventually, and 35-50% for executives, not repaid. At two different companies. So I do know at least sometimes it’s done that way.
Not to excuse the relentless flow of money upward, but the two times we had to do (temporary) pay cuts in my career, it was 10-15% for employees, paid back eventually, and 35-50% for executives, not repaid. At two different companies. So I do know at least sometimes it’s done that way.
The execs were never in danger of missing any necessities.
Agreed.