CEOs Are Cutting Millions of Jobs Yet Keep Their Lofty Bonuses

Even CEOs are starting to get squeezed by the economic realities of this pandemic.

But compared to their employees, a growing number of critics still say it’s not nearly enough.

So far, top executives of many major U.S. corporations — including some at the very epicenter of the crisis — have mostly held on to their outsize pay packages after giving up some of their salaries. And even as rank-and-file jobs vanish, some still have a distant shot at collecting bonuses for 2020, albeit smaller than last year’s.

How things play out will depend on the economy, financial markets and ...