But still, it seems that a few other CEOs could follow his lead:
from The Wall Street Journal
Jan. 28, 2009
Starbucks will close another 300 stores and cut nearly 7,000 workers as it continues to reel from overexpansion and a sharp sales slowdown.
Revenue was $2.6 billion in the company's fiscal first quarter, down 6% from a year earlier. Starbucks reported net income of $64.3 million, down from $208.1 million a year ago.
CEO Howard Schultz asked the company's board of directors last week to reduce his annual base salary to $10,000, from $1.2 million, a move the board approved, according to a company spokesperson. Once his health-care coverage costs are deducted from his salary, Schultz will earn less than $4 a month