Bosses Who Volunteer for Pay Cuts

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Bosses Who Volunteer for Pay Cuts When a company cuts pay, how often does the boss take the same hit as everybody else? How often does he or she volunteer for it, in a gesture of solidarity? Jay Leno, top dog of NBC's Tonight Show, recently took a 50 percent pay cut, as reported in the Wall Street Journal and confirmed by NBC executives. Leno's representatives said the funnyman had done it voluntarily, to help reduce layoffs from the show's staff, following a reduction in its budget.

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