Tim Boyle, who serves as president and CEO of Columbia Sportswear Company, will be reducing his annual salary to $10,000 as his company continues to pay its employees, despite its stores being closed, during the COVID-19 pandemic.
A spokesperson for the sportswear brand confirmed the move by Boyle to The Hill on Sunday. The representative also added that a number of other company executives will be taking 15 percent pay cuts as well.
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