Hilton CEO forgoing salary as part of company’s coronavirus response

Hilton CEO Christopher Nassetta

Hilton announced additional cuts in response to the coronavirus pandemic Thursday. The hotel and resorts global chain announced in a news release that president and CEO Christopher Nassetta will forgo his salary for the rest of the year and the company’s executive committee will take a 50% pay cut “for the duration of the crisis.” Many of the corporate team’s reduced schedules or furloughs of up to 90 days, which were announced March 23, will begin April 4, the release detailed. Corporate team members not furloughed will have their pay reduced by up to 20%. “With travel at a virtual standstill, operations have been suspended across many managed and franchised hotels and those hotels that remain open have reduced services for guests because of decreased occupancy levels,” the company said.

Help for Hilton workers: Furloughed Hilton workers offered access to other jobs during coronavirus pandemic.


By Kelly Tyko:  www.usatoday.com 
Read full story: www.usatoday.com

Zulma Torres

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