While Spansion Inc. was cutting 35 percent of its workforce, or 3,000 jobs on Monday, the company’s board was restoring full pay to its top executives.
The company had imposed a 10 percent pay cut last Oct. 6 for top executives. But in a securities filing, it said it was returning the executives to full pay as part of an “employee retention program.”
Spansion restores executives to full pay | Statesman Business Blog
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