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More pay cuts at SATS amid Covid-19; sees substantial impact to Q4, FY results

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SATS on Monday announced a 15 per cent pay cut for its president and chief executive Alex Hungate amid a series of further cuts which took effect from March 1. Non-executive directors' fees were also reduced by 15 per cent, while executive vice-presidents and senior vice-presidents saw a 12 per cent pay cut.

SATS on Monday announced a 15 per cent pay cut for its president and chief executive Alex Hungate amid a series of further cuts which took effect from March 1. Non-executive directors' fees were also reduced by 15 per cent, executive vice-presidents and senior vice-presidents saw a 12 per cent...

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