According to a report from BizTimes Media, 5 top executives at Briggs & Stratton Corp. will take a combined annualized $1 million cut to their base salaries in response to the coronavirus pandemic.
Todd Teske, chairman, president and CEO of Briggs, will take the largest cut. According to the report, his base salary will go down by 40%, or by $385,200 annually.
The cuts start on April 1, the start of the company’s fourth quarter. The company has not specified how long the reduction would be in place.
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