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Scripps CEO, Execs Take Pay Cut

Y2kTheNewOldies

Y2kTheNewOldies

The senior leadership team and members of the board of directors of The E.W. Scripps Co. are taking voluntary salary and fee reductions, effective immediately. The company said it will donate an amount equal to those cuts to a fund to support its employees affected by the COVID-19 crisis.

Scripps President-CEO Adam Symson will take a 15% reduction to his salary. The company’s named executive officers will each take a 10% pay cut. This includes Chief Financial Officer Lisa Knutson; Local Media President Brian Lawlor; Executive Vice President, National Media Laura Tomlin; General Counsel Bill Appleton; Senior Vice President, Controller and Treasurer Doug Lyons; Senior Vice President, Corporate Communications and Investor Relations Carolyn Micheli; and Vice President, Benefits and Compensation Julie McGehee.
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https://tvnewscheck.com/article/top-news/247515/scripps-ceo-execs-take-pay-cut/


Yes these cuts are in response to the COVID-19 crisis to management.
 
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