Daimler CEO, top executives take pay cut

Kallenius and management board members will take a 20 percent cut in fixed compensation until the end of the year. (Stefan Wermuth/Bloomberg)

April 02, 2020 01:09 PM

Daimler CEO Ola Kallenius and members of the automaker's management board will reduce their fixed compensation by 20 percent until the end of the year in response to the effects of the coronavirus crisis.

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