Coronavirus driven CEO pay cuts lasted less than a quarter - Business Insider

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Some of the salary cuts that corporate execs took during the coronavirus pandemic are already being reversed

Ascena's filing noted that the pay was meant to "enable the company to retain and continue to motivate" its executives.

— meaning the initial act of forgoing a salary is often symbolic, and potentially largely inconsequential.amid the pandemic, further highlighting how complicated CEO compensation packages have become.

 

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