TOKYO (Dec. 18)—Among cost-cutting measures enacted by Bridgestone Corp. in light of a reduced earnings forecast were some of a more symbolic gesture: Bridgestone´s board of directors voted to reduce their monthly compensation up to 30 percent for four months and to lower their bonuses "substantially" below the amounts paid last year. The president, executive vice presidents and some other senior executives will receive no bonuses this year, the company said. The directors also voted to eliminate per diem allowances for directors on business trips and reduce the per diem for non-executive managers on business trips.
Bridgestone board OKs reduced pay for execs
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