Bailey is on near £500k pa and still thinks people on £21k should avoid a pay rise. He could hardly accept a £4k pay rise and tbh it means practically zero to him. He would loose 45% in tax regardless.
Bailey is on near £500k pa and still thinks people on £21k should avoid a pay rise. He could hardly accept a £4k pay rise and tbh it means practically zero to him. He would loose 45% in tax regardless.
Specifically it was Satoru Iwata (the then President & CEO) who halved his own salary (as ‘an apology’), to make sure all the current employees had job security, and refused to order layoffs.
He also cut the salary of other Execs by 20-30% (I can’t find any info on the reactions from the then board members I imagine a bunch were pissed).