Toshiba Cuts Interim CEO’s Pay by 90%

Toshiba's interim chief executive will take a 90% pay cut in the midst of a massive accounting scandal that's rocked the company.

The sharp reduction in Masashi Muromachi's salary will affect the new CEO's pay over the next two months as he attempts to repair the company's battered balance sheet.

Toshiba (TOSYY)said the pay cut was put in place because of its uncertain earnings outlook.

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