Condé Nast Starts Its Pay Cuts At The Top

“The salaries of those earning $100,000 or more — just under half the company — will be reduced by 10 to 20 percent for five months, starting in May, [a] memo said. The pay of executives in the senior management team, including Anna Wintour, the artistic director and Condé Nast’s best-known figurehead, will be cut 20 percent,” with CEO Roger Lynch giving up half his pay. – The New York Times