Columbia Sportswear CEO Tim Boyle has cut his salary to $10,000 while employees will continue to receive their regular pay.
The company’s nearly 3,500 employees are receiving their regular paychecks through a “catastrophic pay” program while its stores are closed amid the coronavirus outbreak.
The stores closed March 16 and will remain shuttered at least another two weeks.
Boyle was paid $3.3 million in total compensation in 2018, The Oregonian reported.
Earlier this week, Wayne Kent Taylor, CEO of the Texas Roadhouse restaurant chain, said he would give up his salary. In 2018, his total compensation was $1.3 million.