Honda's CEO is taking a 20% pay cut for three months amid the company's a growing recall problem. That will come to about $47,000.
The automaker's chief executive Takanobu Ito will return that portion of his salary starting in November. Chairman Fumihiko Ike and other 11 directors will also return 10% of their pay starting next month.
Honda CEO takes $47,000 pay cut over recalls - Oct. 24, 2014
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