Business

This local CEO to work without a salary during to COVID-19 outbreak

By Tim Schooley, Pittsburgh Business Times

WPXI ED STACK Ed Stack, CEO of Dick's Sporting Goods. (PITTSBURGH BUSI)

By Tim Schooley, Pittsburgh Business Times

CORAOPOLIS, Pa. — Findlay-based Dick's Sporting Goods Inc. (NYSE: DKS) reported in an SEC filing that Chairman and CEO Ed Stack and President Lauren Hobart will receive no salary "other than an amount covering benefits" provided by the company.

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The new policy goes into effect on March 29, and also includes a 50 percent pay cut for CFO Lee J. Belitsky; the base salary of other on the senior management team and other salaried employees will also be reduced by varying amounts and the board of directors will also not be paid retainer fees.

Read more in the Pittsburgh Business Times.

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