Hyundai is preparing to cut the pay of executives, according to reports in the Korean press.
According to The Korea Herald, the pay of 51 executives in “affiliate” companies will see their pay reduced by 10% amid slowing company performance.
The report says the pay cuts may eventually involve up to 1,000 executives.
Related Posts
-
December 19, 2023
In the FTSE 350, the median chief executive’s pay was 57 times that of the median employee in 2022, up from 56:1 the previous year.
-
August 23, 2023
FTSE 100 saw median pay for chief executives up 16% from 2021 to 2022, High Pay Centre think tank research shows.
-
July 19, 2023
Total compensation for chief executives in the US far outstrips that of CEOs in the UK, ISS analysis reveals.
-
December 6, 2023
But constraints such as shareholder guidelines can make board directors lower the pay offered to chief executives, research shows.
