LVMH Executives and Board Cut Pay for April, May
16 Aprile 2020 - 7:19PM
Dow Jones News
By Jessica Sier
LVMH Moet Hennessy Louis Vuitton SE's executive management will
give up their remuneration for April and May to help cushion the
economic damage caused by the spread of the coronavirus, the
company said on Friday.
Bernard Arnault, chairman and chief executive of the the French
conglomerate, and all members of the executive board will forfeit
their remuneration for both months, as well as any bonus for
2020.
The board members of LVMH have also reduced their attendance
fees by 30% for 2020.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
April 16, 2020 13:04 ET (17:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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