United Airlines CEO Scott Kirby is seen at a rally in Washington pressing for congressional support for the pandemic-hit economy. While Kirby has given back part of his salary, other CEOs have seen their compensation largely intact in the crisis
NEW YORK – Even as the pandemic roils the American economy, compensation for US chief executives has largely held up as many corporations adjust their criteria for performance pay and bonuses during the crisis.
Only about one-fifth Russell 3000 index of publicly traded firms have reduced CEO pay, according to data compiled by the Conference Board with the consultancies Semler Brossy and Esgauge.
Corporate boards have opted for generous packages for executives at the top even when, in many cases, firms have been laying off workers.
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