Macy's CEO Says He Won't Get Paid During Coronavirus Pandemic

Retailing giant Macy's (NYSE: M) announced on Tuesday that it will take several actions to shore up money until the coronavirus pandemic is over. One of those measures is the temporary suspension of pay for CEO Jeff Gennette.

Macy's is also reducing pay for all senior level management from April 1 until the end of the coronavirus-induced crunch.

Image source: Macy's.

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Source Fool.com