Knight Transportation CEO cuts base salary

Cybergal

Well-Known Member
Knight Transportation CEO cuts base salary
4/17/09
Knight Transportation Inc. CEO Kevin Knight’s annual compensation rose to $1.23 million in 2008, a 7 percent increase, however, his base salary was decreased at his request, according to the company’s annual proxy statement filed with the U.S. Securities and Exchange Commission.
Based on the nation’s economic turmoil and its impact on the company, Knight voluntarily reduced his annual base from $590,000 to $290,000 effective Aug. 1, 2008, as well as asking the board to hold any bonus to a minimum.
Knight Transportation CEO cuts base salary - Phoenix Business Journal:
 

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