raptor1418
Premium
join:2002-12-03
Denver, CO
 ·magicjack.com
 ·Mesa Networks
| Re: Executive Pay Cut? Here is a good example of an Exec taking a pay cut to help stave off layoffs or downturn as they put it.
»www.xilinx.com/prs_rls/xil_corp/···tune.htm This was pulled from Paragraph 4.
Xilinx is recognized on this year's list for protecting its employees from the high technology industry downturn by working closely with employees to come up with innovative cost-cutting measures to avoid layoffs, for instance, a sliding scale of pay cuts for everyone except the lowest paid personnel, while CEO Roelandts took a 20 percent pay cut.
Now whether something else was given in turn for taking that pay cut I do not know. |
