"a decline from $1 million last year to $900,000 this year.... bonus will decrease by 30 percent, from $1.44 million last year to just over $1 million this year"
Oh, how harsh!
And yet they are laying off people when their business is allegedly expanding?
Related: The EMC Exemption
"EMC's top executives taking a pay cut" by Hiawatha Bray | March 27, 2009
Top executives at storage titan EMC Corp. of Hopkinton will be taking a pay cut this year. According to a document filed with the Securities & Exchange Commission, EMC's top five executives will see their base salaries decline by 10 percent. For chief executive Joe Tucci, that means a decline from $1 million last year to $900,000 this year. In addition, Tucci's bonus will decrease by 30 percent, from $1.44 million last year to just over $1 million this year, while bonuses for four other executives will be cut by 10 percent.
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