Wall Street Journal   ·   Link to Article

Coronavirus Crimps Some CEO Salaries but Not All

For rank-and-file employees, their own pay matters more than any salary cut by executives.

Leain and Kimberly Vashon, who both work at the Paris Las Vegas Hotel and Casino, have been furloughed by employer Caesars Entertainment Corp. Their two weeks of furlough pay has run out, leaving them “trying to make a decision as to whether to pay bills or get food,” said Mr. Vashon, a bellman captain and union shop steward.

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When Caesars last month closed its properties and furloughed most of its employees, the company didn’t announce salary cuts for its senior executives, many of whom are slated to leave the company following a planned acquisition this year by Eldorado Resorts Inc., according to securities filings.

When the Journal asked for a comment, a Caesars spokesman said senior executives would be donating to an employee hardship fund. .

Mr. Vashon, who said he has worked for Caesars for 40 years, would rather get more cash than have executives take salary cuts.

“I’m not looking for symbolism,” Mr. Vashon said. “What would help is if [the executives] stepped up to the plate and did the right thing by their workers.”

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