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HTC carves down executive pay after continued damages to their finances

HTC continue to hurt, have slashed executive pay - will it be shifted to Iron Man?

| Business, Financial & Legal News | Posted: Jun 22, 2013 9:30 am

HTC have been hurting for quite sometime now, with Apple and Samsung sucking up those precious consumers and even more precious profits. It looks like the Taiwanese company is cutting up executive pay, according to the Wall Street Journal.

 

TweakTown image news/3/1/31243_06_htc_carves_down_executive_pay_after_continued_damages_to_their_finances.jpg

 

Compensation reached $22 million last year, with this figure including salaries, retirement pay, bonuses and profit sharing. These numbers are down 51.3% compared to the $45 million paid in the previous year. HTC chief executive Peter Chou and engineering and operations president, Fred Liu, saw their pay packages drop to $3.3 million last year - the first time in two years - with other executives seeing similar reductions.

 

We could see things turn around with Robert Downey Jr stepping up as the face of HTC, where the company will hand Iron Man himself $12 million to promote HTC around the world. Both HTC and Downey haven't confirmed the deal, but I'm sure we'll hear about it in the days and weeks to come, if it turns out to be true.

NEWS SOURCES:Electronista.com

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