Micron Technology Inc. is cutting executives salaries by as much as 20% and suspending bonuses as the chipmaker copes with an industrywide slump.
Chief Executive Officer Sanjay Mehrotra will see his salary reduced by a fifth, with executive vice presidents getting a 15% cut, Micron said in a regulatory filing Thursday. Senior vice presidents will have their salaries reduced 10%, and bonuses will be suspended for all named executive officers.
The move follows a plan to cut jobs at Micron by 10%. The Boise, Idaho-based company is contending with sluggish demand for memory chips as part of slowdown for sales ...
Read Full Story: https://news.google.com/rss/articles/CBMibmh0dHBzOi8vbmV3cy5ibG9vbWJlcmdsYXcu...
By Daniel Dale, CNN Republicans face political risk from the spike in gasoline prices caused by the war President Donald Trump launched against Iran. Over the last two days, prominent Republicans ...