i thought the reduction is in line with the pegging to the top 10% in the industries.
since q1 this year, the salaries of those top earners has shrunk due to the financial crisis and the majority of the high income earners like bankers, lawyers etc are affected.
so the reduction are just in line..nothing great about it.
if they are really sincere, they should it to the 2 or 3 X the average of the total income of all wage earners n not just the top 10%