US companies pull back on planned executive pay cuts

Only 15% cut pay to extent planned

Companies within the Russell 3000 did not follow through with planned cuts to executive pay due to Covid-19, with only 15% cutting pay to the extent previously publicised, according to new research from Diligent Institute.

During the Covid-19 pandemic 647 businesses within the Russell index announced pay cuts. While 79% of them went through with a reduction, the vast majority cut pay less than anticipated. Meanwhile,...