As coronavirus continues to push some fintechs to the brink of their balance sheets, some CEOs have taken the bold move to cut their pay checks to zero. In a bid to avoid outright staff layoffs and excessive furloughed workers – in the UK, that is workers whose salaries are 80%-subsidised by the government – some fintechs have seen their CEOs absorb a large part of COVID-19’s financial blow. Last week, UK challenger Monzo’s CEO Tom Blomfield was revealed by TechCrunch to have cut his salary to nothing for the next 12 months, and New York-based fintech Moven’s CEO Brett…
Will fintech CEOs follow in the footsteps of Dan Price post-coronavirus?
Will fintech CEOs follow in the footsteps of Dan Price post-coronavirus?
