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Will wealth management CEOs take voluntary pay cuts to share the Covid-19 pain?

Ian Orton, 30/03/2020

The decision of Ian Mattioli, the co-founder and chief executive of Leicester-based and AIM-listed Mattioli Woods, to cut his salary to zero as a consequence of the current Covid-19 epidemic should attract plaudits, if it hasn’t done so already.

Pedants will no doubt find plenty to find fault with. Mr Mattioli’s salary only accounted for around a third of his total remuneration in the year to 31 May 2019 (though the firm said "all staff" would also forgo bonuses for the most recent year). And it may, initially at least, only cover t...


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