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- Chris Williams was the VP of HR at Microsoft and is now an executive-level advisor and consultant.
- He explains that highly paid executives don't take pay cuts because it wouldn't make a significant difference.
- Companies load up execs with stock because they don't cost the business money out of pocket.
With all the layoffs in the news we're seeing, there's always the question: Why don't the highly paid executives take a pay cut? Couldn't they trim their massive pay packages and save some jobs?