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CAA Institutes Temporary Pay Reductions Up To 50%; Richard Lovett, Bryan Lourd Kevin Huvane Forego Salary For The Year

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deadline.com
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By Mike Fleming Jr Co-Editor-in-Chief, Film EXCLUSIVE: CAA has announced its plans to weather the coronavirus pandemic that brought Hollywood to a screeching halt.

The agency announced this to staff this morning. The broad strokes: no layoffs, but companywide paycuts up to 50%, on a progressive scale.

CAA toppers Richard Lovett, Bryan Lourd & Kevin Huvane will take no salary for the rest of the year. I’ve confirmed this, and gotten this statement, per a spokesman: “In this time of tremendous uncertainty for individuals, businesses, governments and communities, it is incumbent upon us to look closely at what measures help ensure CAA always remains the strongest company for our employees and clients.

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