BNP Cuts Salaries 25% Yet Makes Us Feel Sorry For The CEOs
Business-to-business publisher BNP Media has announced it is slashing salaries by 25% indefinitely, effective May 1. Jeez, that’s, like, this Friday.
“”We need to survive until this economy can turn around and everyone can get back on their feet and back to business as usual,” co-CEO Harper Henderson told FOLIO.
In an internal memo, the Hendersons sound less confident: the co-CEOs Harper, Mitchell, and Taggert Henderson blamed the banks.
While we (the Henderson family) are certainly partially to blame for having taken on such a high amount of risk, were it not for their demands, we would be able to just pay them and move on,” the memo reads.
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