Half of CAC 40 CEOs give up part of their 2020 salary

This resulted in about half of CAC 40 CEOs announcing that gave up part of their salary (whether it is their base salary or their bonus) for the year 2020. The amounts actually differ quite a lot among the 40 companies. Engie’s CEO gave up 15% of his base salary for 2 months, which is less than 50k euros, while Kering’s CEO gave up 25% of his base salary for 9 months and 100% of his bonus for the year 2019 to be paid in 2020, which rather represents 4 million euros. LVMH’s CEO is giving up about 2.5 million euros for 2020, and PSA’s CEO almost 2 million euros.