Hilton CEO forgoing salary as part of company's coronavirus response

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Hilton announced additional cuts in response to the coronavirus pandemic. President and CEO Christopher Nassetta will forgo his salary.

The hotel and resorts global chain announced in a

that president and CEO Christopher Nassetta will forgo his salary for the rest of the year and the company's executive committee will take a 50% pay cut"for the duration of the crisis."of up to 90 days, which were announced March 23, will begin April 4, the release detailed. Corporate team members not furloughed will have their pay reduced by up to 20%

"With travel at a virtual standstill, operations have been suspended across many managed and franchised hotels, and those hotels that remain open have reduced services for guests because of decreased occupancy levels," the company said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stayed in a Hilton Hotel, Clev OH Airport on 3/15/2020. Can’t tell you how impressed with the care and service the minimal staff provided, & most importantly they spoke SO highly of upper mgmt’s treatment of employees, especially the at risk age-sent home w/pay ❤️ HiltonHotels

Don't care. What are you and all corporations doing aid in the virus fight. In UK, Dyson has invented a cheap easy to manufacture ventilator. In UK, invented quick, cheap test to identify virus survivors. The millions infected that showed no symptoms. U.S.A

I would expect so; or that be a big slap in the face and employees would remember that and then never return to work for the Hilton. What are the Hilton Sisters doing to help out during this pandemic; let me guess, shopping and buying expensive clothes and shoes.

Who knows how many tens of millions he had in off shore accounts

very generous thanks American people appreciate it!

he can forgo his salary for 3 years, and still be ok

Wow big sacrifice

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bill Ackman exits market hedges, uses $2 billion he made to buy more stocks including Hiltonits ok, everybody make mistakes. We will prevail! The sinful leveraging was last gasp failed KillsShot to take down USA/Trump. As USA markets are headed to test 2008 lows—The rippling damage has been done...in a thinning of the herd. Smart money was out early & now nibbling back on the way down. Lying sack.
Source: CNBC - 🏆 12. / 72 Read more »

Netflix CEO Reed Hastings' Business Bible 'No Rules Rules' Pushed to Fall ReleaseCiting the coronavirus pandemic, Penguin Press has decided to delay publication of a new business bible co-written by Netflix CEO Reed Hastings
Source: THR - 🏆 411. / 53 Read more »