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? Read Full Article, Deadline, May, 1, 2020