Originally Posted by
SeattleFlyerGuy
One thing that I find interesting here is that as part of the crisis plan for SAS, the executives are taking salary cuts ranging from 12 to 23% along with everyone else. If it was a US company, you know that the executives would be cutting everything before ever touching their own compensation...
Not true at all. Plenty of stories of American CEO's taking huge salary cuts & even no salary when their companies are in trouble. Just not something done in the airline business (though there was a CEO that took a $1 salary when his airline went chap 11, I'll look that up & see who it was).