Estée Lauder Companies’ top bosses to take salary cuts during Covid-19 pandemic

The company’s President and CEO Fabrizio Freda and Executive Chairman William Lauder will both take a 50% pay cut

Fabrizio Freda will take a 50% salary reduction through to November

Estée Lauder Companies’ bosses are due to take pay cuts in an effort to put the company in a stronger financial position during the Covid-19 pandemic.

The company’s President and CEO Fabrizio Freda and Executive Chairman William Lauder will both take a 50% pay cut from 1 May through to 31 October.

Meanwhile, Chairman Emeritus Leonard Lauder . . .

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