Lands' End CEO Griffith taking 50% cut in base pay, other execs see reductions
March 30, 2020 at 13:15 PM EDT
As part of its response to a business slowdown caused by the outbreak of COVID-19, Lands' End Inc.'s president and CEO Jerome Griffith will take a voluntary 50% cut in base salary while other members of the direct merchant's C-suite will take a 20% reduction in base salary.