INSIGHT-U.S. firms shield CEO pay as pandemic hits workers, investors
Sonic Automotive Inc
, which operates 95 U.S. car dealerships, started laying
off and furloughing about a third of its workforce as the
coronavirus pandemic crushed its sales. Then it changed its
executives’ pay packages – handing them a multimillion-dollar
windfall.
, which operates 95 U.S. car dealerships, started laying
off and furloughing about a third of its workforce as the
coronavirus pandemic crushed its sales. Then it changed its
executives’ pay packages – handing them a multimillion-dollar
windfall.
Posted by Reuters
