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iHeartMedia’s Bob Pittman Foregoes Salary as Company Furloughs Employees

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Bob Pittman, chairman and CEO of iHeartRadio, will forego his salary for the remainder of 2020 and give up his annual incentive bonus.

iHeartMedia has joined the growing list of companies implementing sizable pay cuts for senior executives amid the upheaval caused by the coronavirus crisis. Bob Pittman, chairman and chief executive of broadcast giant iHeartRadio, which counts more than 800 stations as well as a formidable digital radio presence, will forego his salary for the remainder of the [...

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