Second Take: Pay cuts at the top of the RE food chain
Leaders of big firms announced they'd pay themselves less. But let's put their sacrifice in perspective
With all the carnage in the real estate job market that has happened and is expected to happen, many leaders have announced that they will slash their own salaries in solidarity.
But for those at the top, the salary is just a piece — often a small piece — of total compensation, as The Real Deal‘s E.B. Solomont and Eddie Small found in a new analysis. They chatted with Hiten Samtani about the story and what it means when bosses take out their own wallets.