Why Dick’s Sporting Goods is suspending CEO and president salaries amid the coronavirus pandemic
March 25, 2020
Top executives at Dick’s Sporting Goods will not take home pay for a temporary period as the retailer braces itself for the coronavirus’s impact on its business. What’s more, Dick’s announced reductions in the base salaries of all members of its senior management team. Other salaried employees will also take cuts by graduated amounts, while the board of directors has agreed to a temporary suspension of its retainer fees. Read more on Footwear News.