By Jake Kanter International TV Editor ITV’s board and senior management have announced that they intend to take a 20% pay cut and forgo their 2020 bonuses as the coronavirus crisis rocks the global entertainment industry.
In a statement to investors, ITV said top executives including CEO Carolyn McCall, chairman Peter Bazalgette and CFO Chris Kennedy asked to have their salary reduced for the duration of the government-imposed lockdown.
Non-executive directors will also take a 20% pay cut. ITV added that if the lockdown continues beyond June 30, the remuneration committee will review the matter again. “ITV’s priority is to protect its people, while striving to ensure that it continues to keep viewers informed and entertained through
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