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Zhone Workers Take Wage Cuts, CEO Most of All

Wi-Fi and Ethernet equipment vendor Zhone Technologies Inc. (ZHNE), suffering weaker sales, is cutting employees’ pay – including that of top executives.

In fact, company CEO Mory Ejabat, will feel the blow the most. He is taking a 20 percent salary cut; other managers are getting hit with a 15 percent cut. All other employees have more of a cushion – their pay will drop by 5 percent.

Finally. A company that leads by example and doesn’t make its lower-earning workers suffer the most when earnings go awry.


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