Marriott International’s business was already down 75 percent by March 19, when the hotel chain’s CEO Arne Sorenson posted a somber update. With his industry pummeled by the coronavirus pandemic, Sorenson spoke of the need to cut staff and said he would forgo a paycheck for the rest of the year. He’s not alone. As companies across the real estate industry lay off and furlough workers, many leaders have said they’ll share the pain by
source https://therealdeal.com/2020/04/30/ceos-take-pay-cuts-but-are-they-really-sharing-your-pain/
No comments:
Post a Comment