The reason CEOs are paid well is because they have an important and risky job. And if they bring success by their actions, they totally deserve their millions.
But if the company/organization is doing poorly, the CEO doesn't deserve the high pay. And having the pay reduced, or even not being paid at all for a time if it can help the company is one of the risks CEO should be able to take. It is not unfair for their families if they planned for it in advance instead of taking their high pay for granted. You can save a lot when you are being paid millions.
But if the company/organization is doing poorly, the CEO doesn't deserve the high pay. And having the pay reduced, or even not being paid at all for a time if it can help the company is one of the risks CEO should be able to take. It is not unfair for their families if they planned for it in advance instead of taking their high pay for granted. You can save a lot when you are being paid millions.