Is our CEO giving up just his salary or also a percentage of his total comp? If it's just the first one, then it's mostly a move designed just for show, since his pay is only a fraction of his entire yearly comp. If it's the latter, though, then it's an honest move that can really make an impact.
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DELTA SHOULD OFFER A GOOD RETIREMENT PKG. AS PHASE ONE.ONCE THOSE RESULTS ARE IN,EVALUATE WHAT PERCENTAGE OF A PAY CUT WOULD BE NEEDED TO KEEP THE LAYOFFS TO A MINIMUM.BASED ON WHAT THE CEO HAS SIAD,THERES NO WAY TO GET AROUND THE FACT THAT THE HEAD COUNT WILL BE REDUCED.I HAVE LEARNED THAT SYMPATHY DETERIORATES RAPIDLY WHEN YOU START MESSING WITH EMPLOYEES MONEY.WE WILL SOON FIND OUT.DRAEH
He said his salary in his memo so I think you have your answer already.