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NBCUniversal’s 15 Top Execs Taking 20% Salary Cut As Newly Restructured Company Outlines Savings

11.07.2020 - 00:27

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By Jill Goldsmith NBC Universal CEO Jeff Shell and about 15 other top executives will take a 20% cut in salary as part of a broad set of cost saving initiatives to offset the impact of the coronavirus pandemic.

Other employees who make over $100,000 will take a 3% cut that’s a rollback of sorts following a raise in March. The top executives are part of Shell’s executive committee, which includes his direct reports. “While many parts of our television operation are enjoying increased ratings, most segments of the company are operating in a very difficult environment.

Our theme parks are closed, most of our scripted film and television productions have ceased, sports programming (including the 2020 Olympics) has been delayed, and

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