NET lowering pay, offering restricted shares to help make up difference - 2 Apr 2009
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NET lowering pay, offering restricted shares to help make up difference
POSTED BY JACK DAVIS ON APRIL 1ST, 2009 AT 7:31 PM | CATEGORIZED AS NETWORK EQUIPMENT | TAGGED AS BENEFIT REDUCTIONS, NETWORK EQUIPMENT TECHNOLOGIES, SALARY REDUCTIONS
The compensation committee of Network Equipment Technologies’ board of directors voted last week to enact a six-month salary reduction for virtually all of its employees.
Chief Executive C. Nicholas Keating will have 15 percent knocked off his pay while the salary of the company’s other exec
more...http://www.siliconbeat.com/2009/04/01/net-lowering-pay-offering-restricted-shares-to-help-make-up-difference/
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