Darden stock jumps as Olive Garden parent cuts executive pay, to-go sales skyrocket

Darden stock jumps as Olive Garden parent cuts executive pay, to-go sales skyrocket

A customer arrives at a Darden Restaurants Inc. Olive Garden location in San Antonio, Texas, U.S., on Thursday, June 14, 2018. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants said Tuesday it is furloughing some restaurant support center employees and slashing executive pay as same-store sales plummet 39% so far in the fourth quarter. Shares […]
FCA temporarily cuts pay by 20% for salaried workers amid coronavirus

FCA temporarily cuts pay by 20% for salaried workers amid coronavirus

Fiat Chrysler Automobiles (FCA) CEO Mike Manley Massimo Pinca | Reuters Fiat Chrysler will temporarily defer the salaries of its white-collar workers by 20% for the next three months as the automaker attempts to save cash to weather the coronavirus crisis. The pay...
Mall owner Taubman is telling tenants they must pay rent

Mall owner Taubman is telling tenants they must pay rent

U.S. mall owner Taubman is telling its tenants that they must pay rent amid the coronavirus pandemic. In a memo dated March 25, which was obtained by CNBC, the real estate investment trust said it still has its own obligations to meet — such as paying lenders on...
Senate coronavirus bill would cut pay for execs at bailed out firms

Senate coronavirus bill would cut pay for execs at bailed out firms

The $2 trillion coronavirus rescue package passed late Wednesday by the Senate would cut the compensation for the highest-paid American executives if their companies accept financial assistance from the federal government. The legislation would prevent company...