Allegeny Technologies, a $4B company, has cut all their salaries, as well as payments to their Board of Directors, by 20%, for at least a year. I feel that I have taken a 90%+ haircut, in Strikeforce Technologies, and now, I’d like to see the Officers do the same.
Many ethical companies are making similar sacrifices to weather the uncertainty. Bloomberg news states that Second Quarter contraction will be worse than the first, and that we are officially in recession.