Blueskies wrote:Ehwmatt wrote:bluejeangirl76 wrote:So he's only going to make just under 9 million instead of making 11 million...
Who can live on that!? I better send him some coupons!

It's a good symbolic gesture. Executives at my business are selling off their big luxury sedans and going for more economical cars too. They can still afford the bigger/nicer cars, but I know the employees appreciate their bosses not flashing their wealth when they are struggling just to make their latest monthly payment on their more modest cars.
That $2 million will hopefully save a few jobs
Key word: Symbolic. Just enough, could do more. But better then nothing.
It's easy to say he makes millions and this and that. But frankly, many rich people have bills and debts to pay too. Maybe those bills are on 4 houses or 2 mansions or boats or any other luxury commodities, unlike more modest people simply struggling to pay for the car or house. Doesn't mean he can or should be expected to become a pauper overnight. This might be all he can afford to give up for the time being.
And, let's face it, if he took a cut all the way down to a million, it still wouldn't be enough for many people