Steel & Tube’s board, CEO take pay cut
Recent job cuts and tough trading have prompted the company’s board and its chief executive to cut their pay temporarily by 20%.
Steel & Tube chief executive Mark Malpass.
Steel & Tube's chief executive has agreed to have his pay cut by 20% until at least September, as the company has been battered by the weak economy.
The metal processor and distributor today reported a $24.4 million net loss for the 12 months ended June, compared with a $2.6m profit in the previous
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