abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

30 Mar 2020

Author:
Samantha Swindler & Jeff Manning, OregonLive

USA: Columbia Sportswear CEO Tim Boyle cuts own salary to $10K, retail employees receive regular pay

Columbia Sportswear Company’s CEO has essentially eliminated his own salary while regular paychecks continue to go out to employees, including those who work at the company’s temporarily shuttered retail stores... [A]t least 10 top executives took a voluntary 15% pay reduction... Columbia Sportswear’s roughly 3,500 retail employees are receiving their regular paychecks under a “catastrophic pay” program... “Columbia has been in business since 1938 and weathered many storms by keeping our focus on the well-being of consumers, employees and the larger community,” reads a statement on the company’s website.