US CEO takes 90% pay cut to give workers huge raise!

A CEO of an American firm has surprised one and all by announcing a 90 percent pay cut for himself and slashing of company's profits to give employees a hefty salary hike after he read a study about happiness.

Diageo's Indian-origin CEO gets pay cut; no hike this year too

Leading spirits maker Diageo's Indian-origin CEO, Ivan Menezes, has seen his pay package decline in his first year on the top post and would not get any salary hike in the second year as well.

Trouble brewing again in Air India over pilots' pay cut

Trouble is again brewing in Air India ahead of the upcoming busy holiday season, with a section of pilots resenting a proposed 15 percent cut in their allowances, saying such a reduction would place their pay packets below what was prevailing in the market.

Will Smith takes pay cut for Quentin Tarantino

Hollywood hunk Will Smith is ready to take a pay cut to star in controversial filmmaker Quentin Tarantino`s next.

David Beckham takes a 3 million pay cut

He is one of the highest paid sportsmen in the world but soccer heartthrob David Beckham had to take a whopping USD 3 million pay cut after his company’s profits dipped.

Gordon Brown `accepted a pay cut for his successor`

Gordon Brown quietly organised
a pay cut for David Cameron in his final days as the British Prime Minister.

New UK govt to ask Queen to take ‘at least’ 5% pay cut

Cameron-led coalition govt is expected to ask the Queen to take a pay cut.

Guj Cong asks elected members to take 20% pay cut for a year

Union Government`s austerity drive has trickled down to the state level as Gujarat Congress on Wednesday asked all its elected party members, including MPs, MLAs and municipal councillors, to take a 20% pay cut for one year.