An analysis compiled by CGLytics, a compensation analysis company, revealed findings which should surprise nobody. When the pandemic forced companies to fire workers, some executives decided to show some solidarity,(what a joke), by taking a pay cut. The survey of 3,000 companies showed that the cuts were tiny compared to their pay last year. Their total pay includes bonuses and stock awards, which more than compensates for the salary cuts. On the one hand, very few companies cut salaries for their senior execs., but on the other, many companies laid off workers.
There's no getting away from it - One law for the rich, another law for the poor.
S.P.C. Members.
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