REUTERS/Elijah Nouvelage
- Salesforce is awarding over $5 million in cash bonuses to its top five executives.
- CEO Marc Benioff alone will receive nearly half of that: He'll be paid $2.3 million in bonuses on April 15.
- While the bonuses are an annual occurrence, this year's awards come amid an economic downturn that has led to widespread of layoffs across the country and record unemployment.
- Benioff has pledged not to make any "significant" layoffs at Salesforce for the next 90 days, after urging all CEOs to take 90-day no layoff pledge.
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Salesforce is awarding over $5 million in bonuses to its top five executives, according to a regulatory filing on Monday. CEO Marc Benioff will receive $2.35 million, or nearly half the total.
The bonuses, which will be paid around April 15, are a standard annual occurrence and reflect the executives' performances over past year. This year's payouts, however, provide a starker-than-usual contrast to conditions across the U.S. as the coronavirus pandemic has ravaged the economy, triggering mass layoffs and leading to record rates of unemployment.
See the rest of the story at Business Insider
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