Interim CEO at Toshiba Takes 90% Pay Cut

notebook-791433_1280Amid the accounting scandal at Toshiba, the new interim CEO, Masashi Muromachi, will take a 90% pay cut.

Toshiba (TOSYY) said the pay cut was put in place because of its uncertain earnings outlook. The firm’s 2014 financial results have not yet been finalized, and it has scrapped the annual dividend for shareholders.

Several executives and directors will also have their salaries reduced.

Find out more at CNN Money.

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