SolarCity Founders Take ‘Symbolic’ $1 Salary While Firing Staff

  • Company to take charge of up to $5 million for severance costs
  • SolarCity agreed this month to be acquired by Tesla Motors

SolarCity Corp. co-founders Lyndon Rive and Peter Rive agreed to cut their salaries as the biggest U.S. rooftop solar company fires an unspecified number of workers to adapt to slowing demand.

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