US companies pull back on planned executive pay cuts

Only 15% cut pay to extent planned

clock • 2 min read
Executive pay in the US has been on an upward trend for five years
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Executive pay in the US has been on an upward trend for five years

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,...

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