Columbia Sportswear CEO takes pay cut to help support employees during coronavirus crisis

France Nouvelles Nouvelles

Columbia Sportswear CEO takes pay cut to help support employees during coronavirus crisis
France Dernières Nouvelles,France Actualités
  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Tim Boyle, president and CEO of Columbia Sportswear Company, is cutting his salary to $10,000 to keep his employees paid during the coronavirus crisis.

Tim Boyle, president and CEO of Columbia Sportswear Company, is cutting his salary to keep his employees paid during the coronavirus crisis.

Boyle reduced his salary to $10,000, Mary Ellen Glynn, Columbia's director of corporate communications, said in a statement. Boyle made $3.3 million in 2018, according to The Oregonian. His decision to take a paycut comes after Columbia Sportswear, like many stores across North America, closed its doors on March 16 following coronavirus restrictions. The company's roughly 3,500 retail employees were at risk of losing their jobs or not getting paid.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

CNN /  🏆 4. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The latest sign the recession is intensifying: White-collar workers are being laid off nowThe latest sign the recession is intensifying: White-collar workers are being laid off nowService sector jobs got slammed early in the coronavirus crisis, now it's tech, legal and other professionals reporting layoffs, pay cuts and furloughs.
Lire la suite »

10 Essential Queer Music Movies to Stream10 Essential Queer Music Movies to StreamTo help get you through self-isolation during the coronavirus crisis, we’ve picked out 10 of the best LGBTQ music movies available to watch online from home.
Lire la suite »

Celeb surgeon Dr Esho returns to NHS after baby was hospitalised with ventilatorCeleb surgeon Dr Esho returns to NHS after baby was hospitalised with ventilatorWhen Dr Esho's baby son was hospitalised during the coronavirus crisis, he realised how much the NHS desperately needed his help, and he returned for free
Lire la suite »

WFH with a roommate or loved one? 5 ways to avoid killing each otherWFH with a roommate or loved one? 5 ways to avoid killing each otherMany employees working remotely in the midst of the coronavirus crisis are competing with roommates for limited space, internet connection and attention.
Lire la suite »



Render Time: 2025-04-04 02:47:00