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Coronavirus: Columbia Sportswear CEO cuts salary to $10,000

Columbia Sportswear CEO Tim Boyle has cut his salary to $10,000 while employees will continue to receive their regular pay.

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At least 10 other top executives took a voluntary 15% pay cut, The Oregonian reported.

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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.

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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.

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