François-Henri Pinault has joined a growing list of executives who are lowering their pay. 🔐
PARIS — Citing the coronavirus crisis and its impact on the economy, Kering chairman and chief executive officer François-Henri Pinault has decided to reduce his fixed salary by 25 percent from April until the end of the year, joining a growing list of executives who are lowering their pay.
A number of companies have announced pay cuts for top executives, a sticky issue at a time of crisis that highlights the deep divisions between vulnerable and wealthy classes across sectors.
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