SATS cuts board and executives' pay

Submitted By:  Nathanielle Punay Case Study:  No President and CEO Alexander Hungate cut its salary by 15%. SATS’ board of directors and its executives have received a cut in salaries or fees, effective since 1 March, a local bourse filing revealed. President and CEO Alexander Hungate had his salary cut by 15%, whilst the company’s executive vice presidents and senior vice presidents will see their pays cut by 12%. Vice presidents received a 10% pay cut, whilst non-executive director fees will be slashed by 15%. read more