Micron Technology Inc. is cutting executives salaries by as much as 20% and suspending bonuses as the chipmaker copes with an industrywide slump.
Chief Executive Officer Sanjay Mehrotra will see his salary reduced by a fifth, with executive vice presidents getting a 15% cut, Micron said in a regulatory filing Thursday. Senior vice presidents will have their salaries reduced 10%, and bonuses will be suspended for all named executive officers.
