Top Lawyers’ Pay Cut as Coronavirus Brings C-Suite Austerity

Top in-house lawyers are getting their compensation cut along with other executive officers as the new coronavirus causes widespread economic distress.

Marriott International Inc., the Cheesecake Factory Inc., and other companies have announced plans to cut pay for top executives. Bloomberg Law recently reported that gaming company Accel Entertainment Inc.’s leadership is going even further, foregoing 100% of their pay until it hopes normal business operations resume next month.

“We just thought it was the right thing to do,” Accel general counsel Derek Harmer told Bloomberg Law in an email after that story was published. “Everyone is making sacrifices.” ...