Top Executives Forgoing Their Salaries in the Face Of COVID-19: A Benevolent Act or Deceitful Trick?

Authors

Lauren Sullivan, Saint Louis University School of Law

Files

Description

As financial hardship hits us all in the wake of COVID-19, affluent executives of top companies have announced relinquishment of their 2020 salaries. While appearing to be to sharing the financial suffering with their lower employees, Lauren Sullivan dives into the question of how much these executives are really “sacrificing.”

Publication Date

10-9-2020

Document Type

Article

Keywords

Executives, COVID-19, salary, stock options, breach of fiduciary duty, business judgement rule, ratification defense, excessive

Disciplines

Law

Recommended Citation

Sullivan, Lauren, "Top Executives Forgoing Their Salaries in the Face Of COVID-19: A Benevolent Act or Deceitful Trick?" (2020). SLU Law Journal Online. 50.
https://scholarship.law.slu.edu/lawjournalonline/50