Marriott suspends, reduces top executive salaries due to coronavirus - Business Insider

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Marriott announces CEO Arne Sorenson's salary will be suspended for the rest of the year and senior executives' salaries will be reduced by 50% as the coronavirus ravages the hospitality industry

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Arne Sorenson, President and CEO of Marriott International, speaks during a meeting with President Donald Trump and travel industry executives to discuss an economic response to the coronavirus outbreak in the Cabinet Room of the White House on March 17, 2020 in Washington, DC.

 

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Is this true?

ChrisVanHollen Arne Sorenson forgoing his salary. I just wanted to cry for him. Last year the great CEO of Marriott spent $2.3 billion to buy back stock at $133/share. Last week the stock 46. Wasted billions and we pay for it. He should be fired. Jail would be better.

👍

Shame they don't pay there staff

My friend just got laid off from Marriott.

He forgot to add that Marriott is making their employees to take an obligatory temporary leave for months without salary

He made over $12 million in 2018. He'll probably be OK. How about letting his employees cash out their sick days? Marriott MarriottIntl MarriottBonvoy UniteHereLocal2

THIS IS LEADERSHIP!!!!

Pero no está cumpliendo con permitir cancelar o modificar las reservaciones de hotel como lo anunció en un mail. Ciamdo uno llamma al centro de atención de marriot dicen que ellos no pueden pero que se levanta un caso, y en el hotel directamente no lo permiten tampoco. Es graude

LloydHDean commonspirit DignityHealth seiu_uhw You should follow Marriot's leaderships model. Take care of your employees

Actions speak louder than words. 👏👏👏

Wow - exec staff taking 50% of a $800k salary? Get off the high horse. Not a single exec is going to worry about paying for rent, or any other bill. How quickly Marriott decided to throw the heaviest burden “furlough” on to their associates. How about every exec takes $0.00

BugConOfficial The power of Bugmane even reaches into the heart of a Fortune 500 company 🙏🏼, incredible.

Arne is a honest and very caring human. Get well soon.

Woooow. Very good.

The complete US is in the grip of the coronavirus and you should be ready for the future crisis to availing them food and other basic needs at home. This needs harder work by the stronger staff...

If only I made 10% of what he does life would be wonderful!!!

He still will make millions.

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