U.K. TV giant ITV said Friday that CEO Carolyn McCall and other management board members and directors will take salary and other compensation cuts amid the new coronavirus pandemic.
The annual bonus for executive directors and the whole management board has been canceled, and "there will be no cash bonus payable to them in respect of the company's performance in 2020," the company said. "A voluntary 20 percent reduction in base salary for the executive directors and management board for the duration of the current government-imposed lockdown.