Hilton announced additional cuts in response to the coronavirus pandemic. President and CEO Christopher Nassetta will forgo his salary.
The hotel and resorts global chain announced in a
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."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.
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