USA tv video film broadway salaries USA

As Rich 2019 Paydays Roll In, Media CEO Salaries Will Be Hard To Justify In A COVID-19 Economy

Reading now: 359
deadline.com

By Jill Goldsmith April proxy season, which just ended, is an annual rite that lifts the curtain on CEO salaries for the previous year ahead of shareholder meetings in May and June.

For 2019, big entertainment companies are showcasing habitually hefty paydays even as millions of Americans lose their jobs each week and the business sees huge pandemic-related losses.

But in 2020 nothing is routine, certainly not pay. Facing unprecedented mass furloughs and volatile markets, showbiz CEOs are doing something equally unusual — taking voluntary salary cuts for the current year.

However, is it too little, too late to preempt a fresh outcry over high pay packages as annual meetings loom? It may be, for a few reasons: a recession is here and will

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA