CEO Takes Pay Cut Until Company Profits Return

CEO of CSBC Corporation has voluntarily taken a major salary cut.
He will receive a minimum salary of TWD23,800 ($810) until the company returns to profit.
CSBC posted a net loss of TWD1.78bn ($59m) for the year of 2019.
CSBC has an order book of 10 commercial vessels made up of eight containerships.
It also has one heavy-lift vessel and one wind farm installation vessel.

According to an article published in Splash 247 and authored by Jason Jiang, Cheng Wen-Lon, the chairman of Taiwan’s...