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Corporate Governance

Bright Horizons CEO to Forgo Salary; Other Executives Take Cuts

April 1, 2020, 10:15 AM

Stephen H. Kramer, CEO and president, to forgo salary until earlier of Dec. 31 or such time as a majority of Bright Horizons centers closed as a result of Covid-19 reopen.

  • Other named executive officers to reduce their salaries by 25% until the earlier of Dec. 31 or such time as a majority of Bright Horizons centers closed as a result of Covid-19 reopen
  • Chair David H. Lissy to forgo annual cash retainer and other members of the board to forgo cash retainers, each under same time horizon

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To contact the reporter on this story:
Erin McClam in New York at emcclam@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at cadusumilli@bloomberg.net

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