Last updated on March 27, 2020

COVID-19 Resource Center for Corporate Boards and Compensation Committees

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The outbreak of coronavirus (COVID-19) is having a profound impact on every aspect of business and society. Corporations, both public and private, are grappling with the challenge of maintaining operations while slowing the spread of the novel coronavirus. This economic uncertainty and market volatility is driving many corporations to openly and transparently engage and communicate with stakeholders on their plans to move forward. CAP has created a resource hub, aggregating actions that corporations have taken to ensure their short and long-term viability while continuing to support their employees, customers and the community at large.

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Company FY2019
Revenue
(mm)
Company
Type
Industry Action Notes
Alphabet Inc. $161,857 Public Communication Services Expanded Benefits Programs Created a fund to provide sick leave to affected workers globally, including all temporary staff, contractors, and vendors
AT&T Inc. $181,193 Public Communication Services Suspended Buyback Program Canceled previously disclosed $4B accelerated share-repurchase agreement, as well as any other repurchases
Buzzfeed, Inc. Private Communication Services Executives: Reduced CEO Base Salary CEO salary reduced to $0
Buzzfeed, Inc. Private Communication Services Executives: Reduced Other Executive Base Salary Executives reduced salary by 14%-25%
Buzzfeed, Inc. Private Communication Services Non-Executives: Reduced Pay Graduated salary reduction for the majority of employees for the months of April and May: Staffers in the lowest bracket—which includes anyone making under $65,000 annually—would experience a five-percent reduction, while those making between $65,000-$90,000 would experience a seven-percent cut. Other staff would take nearly a 10-percent pay cut
CenturyLink, Inc. $22,401 Public Communication Services Expanded Benefits Programs Introduced additional emergecy PTO anf expansion of short-term disability benefits
Dallas Mavericks Private Communication Services Non-Executives: Guaranteed Pay Continuity Owner Mark Cuban has vowed to find a way to pay the hourly wages of arena workers during the NBA cancellation
Facebook, Inc. $70,697 Public Communication Services Non-Executives: One-Time Bonus Granted $1,000 bonus for all full-time employees
Major League Baseball Enterprises, Inc. Private Communication Services Furlough of Employees Pledged $30 million to help cover the lost wages of ballpark workers furloughed due to the season postponement
NASCAR Holdings Inc. Private Communication Services Executives: Reduced CEO Base Salary Series executives, including the presidents of NASCAR-owned tracks, will see a 25% reduction in salary
NASCAR Holdings Inc. Private Communication Services Executives: Reduced Other Executive Base Salary Series executives will see a 25% reduction in salary
NASCAR Holdings Inc. Private Communication Services Non-Executives: Reduced Pay All other employees will have their salary reduced by 20%
NASCAR Holdings Inc. Private Communication Services Other Budget expenses and capital improvements have also been frozen, and employees were told to use one week of vacation over the next five weeks
Netflix, Inc. $20,156 Public Communication Services Non-Executives: Guaranteed Pay Continuity $100M fund was created to pay actors and crews affected by coronavirus
The Walt Disney Company $75,125 Public Communication Services Non-Executives: Guaranteed Pay Continuity Committed to continue paying employees during park and cruise closures
Abercrombie & Fitch Co. $3,594 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Continuing to pay all store associates normal wages after stores closed on March 15
Allbirds, Inc. Private Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All employees will get full pay and benefits throughout store closure period
Amazon.com, Inc. $280,522 Public Consumer Discretionary Non-Executives: Increased Pay Raising pay by $2 per hour through April
Amazon.com, Inc. $280,522 Public Consumer Discretionary Non-Executives: One-Time Bonus Created fund where employees and contractors can apply and receive a personal grant from the fund ranging from $400 to $5,000 USD per person
Amazon.com, Inc. $280,522 Public Consumer Discretionary Expanded Workforce Added 100,000 jobs in fulfillment centers and delivery network
American Eagle Outfitters, Inc. $4,238 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Store associates will receive pay for scheduled shifts during that period
Ascena Retail Group, Inc. $5,466 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Furloughed store associates until they can reopen our stores
At Home Group Inc. $1,321 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Associates will be paid when closed
Away.com, Inc. Private Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All employees and store associates will receive pay when stores are closed
b8ta, Inc. Private Consumer Discretionary Non-Executives: Reduced Pay Mandated pay cuts to employees who remain with the company
b8ta, Inc. Private Consumer Discretionary Non-Executives: One-Time Bonus The company, which had previously guaranteed pay from March 15 through March 28, is furloughing its retail employees and including a one-time relief check of $1,000 “for every full-time b8ta tester” and $500 for every part-time b8ta tester. Furloughed employees will not receive a paycheck but will maintain healthcare coverage
b8ta, Inc. Private Consumer Discretionary Reduced Workforce Laid off over half of its corporate employees
b8ta, Inc. Private Consumer Discretionary Furlough of Employees The company, which had previously guaranteed pay from March 15 through March 28, is furloughing its retail employees and including a one-time relief check of $1,000 “for every full-time b8ta tester” and $500 for every part-time b8ta tester. Furloughed employees will not receive a paycheck but will maintain healthcare coverage
Belk Inc. Private Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Providing benefits and compensation to employees during store closures
Best Buy Co., Inc. $43,243 Public Consumer Discretionary Non-Executives: Increased Pay All hourly employees are receiving a temporary pay increase
Best Buy Co., Inc. $43,243 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Field employees whose hours have been eliminated will be paid for two weeks at their normal wage rate based on their average hours worked over the last 10 weeks
Big Lots, Inc. $5,315 Public Consumer Discretionary Non-Executives: Increased Pay Updated its compensation program for associates, including a temporary hourly increase of $2 per hour for workers in stores and distribution center
Big Lots, Inc. $5,315 Public Consumer Discretionary Expanded Benefits Programs Updated its compensation program for associates, including an employee discount increase to 30%
Big Lots, Inc. $5,315 Public Consumer Discretionary Non-Executives: One-Time Bonus Updated its compensation program for associates, including a special discretionary payout for leaders in stores eligible for a bonus
Big Lots, Inc. $5,315 Public Consumer Discretionary Expanded Workforce Expanding our workforce across the country
Booking Holdings Inc. $15,066 Public Consumer Discretionary Executives: Reduced CEO Base Salary CEO and brand CEOs will forego salaries effective immediately
Booking Holdings Inc. $15,066 Public Consumer Discretionary Executives: Reduced Other Executive Base Salary CEO and brand CEOs will forego salaries effective immediately
Burlington Stores, Inc. $7,066 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Employees will be paid for all of the hours they were scheduled to work
Canada Goose Holdings Inc. $973 Public Consumer Discretionary Executives: Reduced CEO Incentive Compensation CEO will forego salary for at least the next three months in order to help fund the newly established Canada Goose Employee Support Fund, which aims to provide financial support to workers affected by the closures.
CarMax, Inc. $20,747 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Any location that has to close due to coronavirus will pay its employees for an additional two weeks
Darden Restaurants, Inc. $8,666 Public Consumer Discretionary Executives: Reduced CEO Base Salary CEO base salary will be reduced to $14,750 annually, effective March 23, 2020
Darden Restaurants, Inc. $8,666 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Pay two weeks of wages to hourly workers whose shifts were reduced or eliminated because of the outbreak
Darden Restaurants, Inc. $8,666 Public Consumer Discretionary Expanded Benefits Programs Emergency pay program will supplement permanent paid sick leave policy for all hourly employees
Darden Restaurants, Inc. $8,666 Public Consumer Discretionary Suspended Dividend Payments Suspended quarterly cash dividend
DICK’S Sporting Goods, Inc. $8,634 Public Consumer Discretionary Executives: Reduced CEO Base Salary Effective March 29, CEO Edward Stack and President Lauren Hobart will not receive a salary. CFO Lee Belitsky will have a salary reduction of 50%
DICK’S Sporting Goods, Inc. $8,634 Public Consumer Discretionary Executives: Reduced Other Executive Base Salary Effective March 29, CEO Edward Stack and President Lauren Hobart will not receive a salary. CFO Lee Belitsky will have a salary reduction of 50%
DICK’S Sporting Goods, Inc. $8,634 Public Consumer Discretionary Board of Directors: Reduced Pay Board of directors agreed to a temporary suspension of retainer fees
DICK’S Sporting Goods, Inc. $8,634 Public Consumer Discretionary Non-Executives: Reduced Pay The company’s senior management team and other salaried employees had salary reductions by “graduated amounts.”
DICK’S Sporting Goods, Inc. $8,634 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All employees would receive full pay and benefits during the two week store closure period
Dollar General Corporation $27,246 Public Consumer Discretionary Non-Executives: One-Time Bonus Announced $35 million in bonuses for all store, distribution center and private fleet employees
Dollar General Corporation $27,246 Public Consumer Discretionary Expanded Workforce By the end of April, it plans to hire up to 50,000 workers, the majority of which will be temporary
Domino’s Pizza, Inc. $3,619 Public Consumer Discretionary Expanded Workforce Looking to hire 10,000 people to meet delivery demands
Domino’s Pizza, Inc. $3,619 Public Consumer Discretionary Expanded Benefits Programs Expanding paid leave for full and part time hourly employees of company-owned stores and supply chain centers
Everi Holdings Inc. $533 Public Consumer Discretionary Executives: Reduced Other Executive Base Salary Executives will forgo promotion-related salary increased expected for April 1, 2020
Everi Holdings Inc. $533 Public Consumer Discretionary Furlough of Employees Furloughed about 70% of their employees
Ford Motor Company $155,900 Public Consumer Discretionary Suspended Dividend Payments As of 3/20, the company is getting rid of dividends for its investors in order to mitigate losses
GameStop Corp. $7,335 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Will pay employees whose hours have been cut an additional two weeks at their regular pay rate based on the average hours worked in the last 10 weeks.
GameStop Corp. $7,335 Public Consumer Discretionary Expanded Benefits Programs Will reimburse benefit-eligible U.S. employees one month of the employee portion of benefit expenses
Hilton Worldwide Holdings Inc. $3,766 Public Consumer Discretionary Furlough of Employees Furloughing about two-thirds of its 4,000 corporate employees
Kohl’s Corporation $19,965 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Store Associates will receive two weeks of calendar pay (effective 3/19/20)
L Brands, Inc. $13,059 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All employees will continue to receive pay and benefits during the temporary closure period
Lidl Stiftung &co. Verwaltungs-Gmbh Private Consumer Discretionary Reduced Workforce Lidl said it would create about 2,500 temporary jobs across its 800 stores in the UK
Lowe’s Companies, Inc. $71,768 Public Consumer Discretionary Non-Executives: One-Time Bonus Donated $3 million to support associates, including through the Lowe’s Employee Relief Fund, which helps Lowe’s associates in times of disaster and crisis
Lululemon Athletica Inc. $3,749 Public Consumer Discretionary Other Providing two weeks of financial support following store closures
Macy’s, Inc. $25,449 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Will provide benefits and compensation to its impacted workforce
Macy’s, Inc. $25,449 Public Consumer Discretionary Suspended Dividend Payments Suspended its dividend following its payout on April 1
Marriott International, Inc. $5,373 Public Consumer Discretionary Executives: Reduced CEO Base Salary CEO foregoing salary for 2020
Marriott International, Inc. $5,373 Public Consumer Discretionary Executives: Reduced Other Executive Base Salary Excutive pay will be cut 50%
Marriott International, Inc. $5,373 Public Consumer Discretionary Non-Executives: Reduced Pay Corporate employees are subject to 20% pay cuts and reduced workweeks
Marriott International, Inc. $5,373 Public Consumer Discretionary Furlough of Employees Corporate-staff furloughs will last 60 to 90 days. During that period, furloughed U.S. corporate employees will receive 20% of their salary toward health-care and other costs
Marriott International, Inc. $5,373 Public Consumer Discretionary Suspended Dividend Payments Suspended its dividend, though the one it had declared previously for the first quarter will be paid
McDonald’s Corporation $21,077 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Committed to cover sick leave for any corporate-owned employees, but not franchise employees, who are asked to quarantine for two weeks
MGM Resorts International $12,463 Public Consumer Discretionary Furlough of Employees Any employee that is laid-off or furloughed will have their health plans run through June 30th. To mitigate some of the impact, paying Flexible Time Off employees on furlough for two weeks and allowing hourly workers to use available Paid Time Off.
New Balance Private Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All associates in North America will receive their regular pay and benefits during this period
NIKE, Inc. $40,781 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All store employees will be paid in full during store closures
Nordstrom, Inc. $15,470 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Provide pay and benefits for its store employees during two week store closure period
Nordstrom, Inc. $15,470 Public Consumer Discretionary Suspended Buyback Program Suspending share repurchases and, starting in its fiscal second quarter, its quarterly dividend
Nordstrom, Inc. $15,470 Public Consumer Discretionary Suspended Dividend Payments Suspending share repurchases and, starting in its fiscal second quarter, its quarterly dividend
Patagonia International, Inc.   Private Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Continue to pay workers their regular pay while closed
Petco Holdings, Inc. $4,223 Private Consumer Discretionary Non-Executives: One-Time Bonus Launched the “Petco Partner Assistance Fund,” with an initial $2 million investment to help support its more than 27,000 employees 
PVH Corp.   Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Retail associates at will continue to receive full pay and benefits for their scheduled shifts during the temporary closure period
Ralph Lauren Corporation $6,391 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All of the company’s team members impacted by this short-term closure will receive their standard pay for the full two weeks
Ross Stores, Inc. $15,733 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Providing up to two weeks of continued pay for any full-time or hourly associate who cannot work due to a COVID-19 related closure
Rothy’s Private Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Retail store employees will be paid through March 31
Sally Beauty Holdings, Inc. $3,867 Public Consumer Discretionary Executives: Reduced CEO Base Salary The CEO and board of directors have reduced their pay by 50% for the duration of the COVID-19 crisis
Sally Beauty Holdings, Inc. $3,867 Public Consumer Discretionary Executives: Reduced Other Executive Base Salary Additional senior leaders will have “significant reductions” in salary during store closure period
Sally Beauty Holdings, Inc. $3,867 Public Consumer Discretionary Board of Directors: Reduced Pay The CEO and board of directors have reduced their pay by 50% for the duration of the COVID-19 crisis
Sally Beauty Holdings, Inc. $3,867 Public Consumer Discretionary Furlough of Employees Company will be furloughing some members of its corporate staff, in addition to furloughing workers related to store closures. It will provide furloughed employees in the U.S. and Canada with two weeks pay and medical benefits through April 30
Starbucks Corporation $26,973 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Pledged to pay workers regardless of branch closings starting on March 15
Starbucks Corporation $26,973 Public Consumer Discretionary Authorized Buyback Program Authorized buyback of 40 million shares
Starbucks Corporation $26,973 Public Consumer Discretionary Expanded Benefits Programs Offering 20 free therapy sessions a year to all employees
Steve Madden Private Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Retail store employees will be paid through March 31
Tapestry, Inc. $6,019 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Employees will continue to receive scheduled pay and benefits during  temporary closure period
Tapestry, Inc. $6,019 Public Consumer Discretionary Suspended Buyback Program Suspended quarterly cash dividend starting in the fourth quarter of 2020 and paused its $900 million share repurchase program
Tapestry, Inc. $6,019 Public Consumer Discretionary Suspended Dividend Payments Suspended quarterly cash dividend starting in the fourth quarter of 2020 and paused its $900 million share repurchase program
Target Corporation $77,690 Public Consumer Discretionary Non-Executives: Increased Pay  Increased wages by $2/hour
Target Corporation $77,690 Public Consumer Discretionary Non-Executives: One-Time Bonus Gave bonus ranging from $250 to $1,500 to department managers
The TJX Companies, Inc. $40,638 Public Consumer Discretionary Suspended Buyback Program Suspending its stock repurchase program, evaluating its dividend program and cutting capital expenditures
Ulta Beauty, Inc. $7,217 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Will continue to pay store and salon associates and provide benefits for those who are currently enrolled during this period
Under Armour, Inc. $5,267 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All employees will receive pay as all North American stores close
V.F. Corporation $14,314 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity All retail employees will continue to receive full pay and benefits during the temporary closure period
Wynn Resorts, Limited $6,611 Public Consumer Discretionary Executives: Reduced CEO Base Salary CEO will give up 100% of his salary in exchange for shares for the rest of 2020
Wynn Resorts, Limited $6,611 Public Consumer Discretionary Executives: Reduced Other Executive Base Salary Executives wll reduce salaries from 33% – 100%
Wynn Resorts, Limited $6,611 Public Consumer Discretionary Non-Executives: Guaranteed Pay Continuity Committed to paying full-time Wynn and Encore employees during the closure
7-Eleven, Inc. $13,315 Private Consumer Staples Expanded Workforce Plans to hire up to 20,000 store associates
ALDI Inc. Private Consumer Staples Reduced Workforce Announced it is looking to fill 5,000 new temporary posts and take on 4,000 permanent new workers for jobs in all its stores and distribution centres.
Altria Group, Inc. $19,796 Public Consumer Staples Non-Executives: Guaranteed Pay Continuity During shutdown all employees will be paid; additional pay will be considered down the line (effective 3/20)
Altria Group, Inc. $19,796 Public Consumer Staples Other Chair & CEO contracted coronavirus are on temporary medical leave
ASDA Group Limited $22,917 Public Consumer Staples Reduced Workforce Asda said it wanted to recruit more than 5,000 temporary staff from among people whose jobs have been impacted by the virus.
BJ’s Wholesale Club Holdings, Inc. $13,135 Public Consumer Staples Non-Executives: Increased Pay Hourly team members will receive an additional $2 per hour
BJ’s Wholesale Club Holdings, Inc. $13,135 Public Consumer Staples Non-Executives: One-Time Bonus Managers and key personel will receive a one-time bonus ranging from $500 to $1,000
BJ’s Wholesale Club Holdings, Inc. $13,135 Public Consumer Staples Expanded Benefits Programs Issued an emergency paid leave program for up to 14 days
Campbell Soup Company $8,088 Public Consumer Staples Non-Executives: Increased Pay All production line employees are receiving an additional $2 per hour, and frontline supervisors an extra $100 each week
Mondelez International, Inc. $25,868 Public Consumer Staples Non-Executives: Increased Pay Increased hourly wages by $2 through May 2 for distribution, manufacturing and sales workers
Mondelez International, Inc. $25,868 Public Consumer Staples Non-Executives: One-Time Bonus Sales representatives will also get a bonus of $125 per week
Mondelez International, Inc. $25,868 Public Consumer Staples Expanded Workforce The food company plans to add 1,000 distribution and sales workers to the roster in the coming months
Mondelez International, Inc. $25,868 Public Consumer Staples Expanded Benefits Programs Any workers impacted by the coronavirus outbreak will receive two additional weeks of paid leave
PepsiCo, Inc. $67,161 Public Consumer Staples Non-Executives: Increased Pay Increase certain employees’ pay by at least $100 a week for the next month
PepsiCo, Inc. $67,161 Public Consumer Staples Non-Executives: Guaranteed Pay Continuity Committed to compensate employees if a facility closes 100% of pay for up to 12 weeks
PepsiCo, Inc. $67,161 Public Consumer Staples Expanded Workforce Plan to hire 6,000 workers over the coming months
PepsiCo, Inc. $67,161 Public Consumer Staples Expanded Benefits Programs Provide sick leave for quarantined employees 
Tesco PLC $64,086 Public Consumer Staples Reduced Workforce Plans to take on 20,000 temporary workers
The J. M. Smucker Company $7,651 Public Consumer Staples Non-Executives: One-Time Bonus $1,500 to each of its 5,700 employees who are “serving on the ground” amid the COVID-19 pandemic
The Kroger Co. $120,989 Public Consumer Staples Non-Executives: One-Time Bonus Granted $300 for all full-time and $150 for all part-time store associates
The Kroger Co. $120,989 Public Consumer Staples Expanded Benefits Programs Expanded paid sick leave to workers diagnosed with coronavirus or under mandatory quarantine
Trader Joe’s Company Private Consumer Staples Non-Executives: One-Time Bonus Created bonus pool per store and is distributed based on hours worked
Walmart Inc. $521,086 Public Consumer Staples Non-Executives: One-Time Bonus Granted $300 for all full-time and $150 for all part-time store associates
Walmart Inc. $521,086 Public Consumer Staples Expanded Benefits Programs Employees diagnosed with COVID-19 or placed in quarantine will receive up to two weeks of pay. If they’re not able to return to work after that time, additional pay replacement may be provided for up to 26 weeks for both full-time and part-time hourly associates
Whole Foods Market, Inc. $16,030 Public Consumer Staples Non-Executives: Increased Pay Additional $2 an hour for all employees through April and double-time for all overtime 
Whole Foods Market, Inc. $16,030 Public Consumer Staples Expanded Benefits Programs Two weeks additional paid-time off for all those diagnosed with coronavirus or forced into quarantine
Apache Corporation $6,213 Public Energy Suspended Dividend Payments Reduced  quarterly dividend by 90%
Chevron Corporation $139,865 Public Energy Suspended Buyback Program Suspending share repurchase plan but maintaining dividends
DCP Midstream, LP $7,638 Public Energy Suspended Dividend Payments Cutting dividend by 50%
Occidental Petroleum Corporation $20,393 Public Energy Executives: Reduced CEO Base Salary CEO pay will be cut by 81%
Occidental Petroleum Corporation $20,393 Public Energy Executives: Reduced Other Executive Base Salary Other excutive pay will be cut by 68% on average
Occidental Petroleum Corporation $20,393 Public Energy Non-Executives: Reduced Pay Cut pay by 30% for all U.S employees to slash expenses
Occidental Petroleum Corporation $20,393 Public Energy Suspended Dividend Payments Reduced quarterly dividend by 86%, becoming one of the biggest casualties of the recent plunge in oil prices
Occidental Petroleum Corporation $20,393 Public Energy Other Employee Bonuses & Perks are being suspended
Precision Drilling Corporation $1,541 Public Energy Executives: Reduced CEO Base Salary CEO & Board will reduce salaries by 20%
Precision Drilling Corporation $1,541 Public Energy Executives: Reduced Other Executive Base Salary Other executives will reduce salaries by 10%
Precision Drilling Corporation $1,541 Public Energy Board of Directors: Reduced Pay CEO & Board will reduce salaries by 20%
Precision Drilling Corporation $1,541 Public Energy Non-Executives: Reduced Pay Staff will receive non-disclosed salary reductions
REI, Inc. Private Energy Non-Executives: Guaranteed Pay Continuity Continue to pay workers their regular pay while closed
Targa Resources Corp. $8,671 Public Energy Suspended Dividend Payments Reudced quarterly dividend to $0.10 per share for the quarter ended March 31, 2020 from $0.91 per share in the previous quarter
Aflac Incorporated $22,307 Public Financials Expanded Benefits Programs Additional paid leave for employees
Aflac Incorporated $22,307 Public Financials Other Waiving co-pays for employees and dependents covered by medical plan
Ally Financial Inc. $6,263 Public Financials Expanded Benefits Programs Offering immediate paid medical leave for employees diagnosed with COVID-19 and paid caregiver leave for those who need to care for family members
Offering staff free access to mental health professionals by phone or text, as well as online health care services
Ashford Inc. $206 Public Financials Furlough of Employees Laying off or furloughing 95% of 7,000 employees
Ashford Inc. $206 Public Financials Furlough of Employees Furloughing about 90% to 95% of its 8,000 employees: salaries of employees staying on with the company will also be cut in an effort to save funds
Ashford Inc. $206 Public Financials Non-Executives: Reduced Pay Furloughing about 90% to 95% of its 8,000 employees: salaries of employees staying on with the company will also be cut in an effort to save funds
Bank of America Corporation $85,582 Public Financials Non-Executives: Increased Pay Employees in call and operations centers will have their overtime pay raised to double their standard hourly rate; increasing pay for all “front-line” employees by $400/month
Bank of America Corporation $85,582 Public Financials Non-Executives: Guaranteed Pay Continuity Workers will still be paid for their regular, full schedule, even if hours are reduced
Bank of America Corporation $85,582 Public Financials Non-Executives: One-Time Bonus Plans to give all branch workers a $200 bonus every two weeks as it reduces branch hours
Bank of America Corporation $85,582 Public Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
Capital One Financial Corporation $22,357 Public Financials Non-Executives: Increased Pay Branch employees who continue to work on-site will receive an additional $10 per hour. Other customer support employees, like call center staff, would receive an extra $5 per hour
Citigroup Inc. $66,068 Public Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
Citigroup Inc. $66,068 Public Financials Expanded Benefits Programs Paying for branch employees’ transportation costs so they can avoid public transit systems, where they might be exposed to the virus
Fifth Third Bancorp $7,893 Public Financials Non-Executives: One-Time Bonus Providing its customer service and other employees who work on-site a payment of up to $1,000 to employees who are providing essential banking services during the coronavirus pandemic
INTL FCStone Inc. $37,434 Public Financials Expanded Benefits Programs Expanded back-up childcare program, giving employees an additional 15 days to account for school closures
JPMorgan Chase & Co. $110,041 Public Financials Non-Executives: One-Time Bonus Providing workers who are staffing branches and call centers a one-time bonus of $1,000; full- and part-time employees are eligible who make less than $60,000 a year or are based at a consumer banking branch
JPMorgan Chase & Co. $110,041 Public Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
JPMorgan Chase & Co. $110,041 Public Financials Expanded Benefits Programs Giving employees up to five new paid days away from work, as well as allowing people to carry over unused vacation time from 2019 until June as a way to help employees manage childcare/dependent care and temporary disruption of service issues during this   difficult period
MFA Financial, Inc. $468 Public Financials Suspended Buyback Program Revoke previously announced first quarter 2020 quarterly cash dividends 
Morgan Stanley $41,419 Public Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
State Street Corporation $11,702 Public Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
Synovus Financial Corp. $1,864 Public Financials Non-Executives: Additional Payments for On-Site Employees Pay an extra $50 per day, up to $500 per pay period, to employees who are designated as critical and need to work on-site, such as tellers
Synovus Financial Corp. $1,864 Public Financials Non-Executives: Guaranteed Pay Continuity Employees can receive up to 10 days of pay if they have to miss work because of a hardship created by school, childcare, or eldercare facility closures
Synovus Financial Corp. $1,864 Public Financials Expanded Benefits Programs Provide 10 days of immediate paid time off to employees who are diagnosed with COVID-19 or who need to self-quarantine and are unable to work remotely
The Bank of New York Mellon Corporation $16,487 Public Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
The Goldman Sachs Group, Inc. $35,481 Public Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
The Hartford Financial Services Group, Inc. $20,736 Public Financials Other Extended payment grace periods for customers until June
The Travelers Companies, Inc. $31,581 Public Financials Expanded Benefits Programs Granting financial aid to employees to establish home offices
Truist Financial Corporation $11,953 Public Financials Non-Executives: One-Time Bonus Plans to give a $1,200 pre-tax bonus to all employees (45,000 workers or 78% or workforce) making under $100,000 a year, in addition to increasing childcare benefits for workers
Truist Financial Corporation $11,953 Public Financials Expanded Benefits Programs Announced it was giving employees 10 extra days of paid leave to help deal with school closings and other disruptions. Some workers will also get a reimbursement for childcare costs, and all of the bank’s 59,000 employees will get an increase in emergency child and elder care benefits
Two Harbors Investment Corp. $1,200 Public Financials Suspended Dividend Payments Suspend Q1 common and preferred stock dividends
U.S. Bancorp $21,140 Public Financials Non-Executives: Increased Pay Provide critical front-line employees with a temporary 20% hourly wage increase effective March 23 for four weeks. The program applies to more than 30,000 critical employees at branches, operations and contact centers, field operations offices and critical service locations
U.S. Bancorp $21,140 Public Financials Suspended Buyback Program Suspended share buybacks for the remaining period of the first quarter and the second quarter of 2020
U.S. Bancorp $21,140 Public Financials Other Moved to virtual-only annual shareholder meeting on April 21
U.S. Bancorp $21,140 Public Financials Other Doubled employee charitable gift matching program
Unum Group $11,999 Public Financials Non-Executives: Guaranteed Pay Continuity Providing financial support to employees and emergency pay when employees are unable to work
Webster Financial Corporation $1,203 Public Financials Non-Executives: Guaranteed Pay Continuity Will pay employees who need to take time off to care for loved ones; after employees use five of their own paid days off, the bank will pay them for any other days they need to miss work for the next 30 days
Webster Financial Corporation $1,203 Public Financials Expanded Benefits Programs Will pay employees who need to take time off to care for loved ones; after employees use five of their own paid days off, the bank will pay them for any other days they need to miss work for the next 30 days
Wells Fargo & Company $82,458 Public Financials Non-Executives: Suspended Raises and/or Bonuses Management decided not to pay out a discretionary profit-sharing 401(k) contribution for 2019
Wells Fargo & Company $82,458 Public Financials Non-Executives: One-Time Bonus Full-time employees who make less than $100,000 a year will receive a pre-tax payment of $600 and part-time employees would get a $300 bonus
Wells Fargo & Company $82,458 Public Financials Non-Executives: Additional Payments for On-Site Employees Front-line employees required to come into the office as others work from home because of the coronavirus outbreak will receive an additional $200 per pay period starting April 17 for up to five paychecks
Wells Fargo & Company $82,458 Public Financials Suspended Buyback Program Suspended share buybacks for the remaining period of the first quarter and the second quarter of 2020, as a member of the Financial Services Forum
Wells Fargo & Company $82,458 Public Financials Expanded Benefits Programs Reimbursing hourly employees for up to $100 per day in child-care costs
WSFS Financial Corporation $607 Public Financials Expanded Benefits Programs Offering its employees 14 days of paid leave for childcare or other events related to the virus
Agilent Technologies, Inc. $5,163 Public Health Care Delay of Annual Meeting Annual meeting will be delayed until Friday, April 17, 2020
Amgen Inc. $23,362 Public Health Care Expanded Benefits Programs $250 stipends for equipment employees need, a $50-a-month allowance for internet and phone services, and a promise to pay them whatever they normally earn each week — even if their work demands dwindle
Cigna Corporation $153,743 Public Health Care Non-Executives: Additional Payments for On-Site Employees Providing premium compensation and additional assistance to reward its employees who must continue to work onsite during this challenging time.
Cigna Corporation $153,743 Public Health Care Expanded Benefits Programs Giving 10 days (80 hours) of emergency paid time off for colleagues for COVID-19 related absences through 2020. This additional time off applies to all full-time benefits-eligible employees and provides added relief for those who are sick or in quarantines, unable to work, or caretaking for sick family members, children or elders
CVS Health Corporation $255,765 Public Health Care Non-Executives: One-Time Bonus Employees required to be at CVS facilities will receive bonuses ranging from $150-500
CVS Health Corporation $255,765 Public Health Care Expanded Workforce Looking to hire 50,000 people to meet demands
DaVita Inc. $11,388 Public Health Care Non-Executives: Increased Pay Giving U.S. employees an extra $100 each week (approximately 55,000 employees) through May 2, 2020
DaVita Inc. $11,388 Public Health Care Expanded Benefits Programs Increasing back-up child care, modified sick leave policies and financial assistance to employees
ADT Inc. $5,126 Public Industrials Non-Executives: Guaranteed Pay Continuity Employees will receive 100% of regular compensation for up to 2 weeks if they are affected by COVIS-19
Alaska Air Group, Inc. $8,781 Public Industrials Executives: Reduced CEO Base Salary CEO foregoing salary
Alaska Air Group, Inc. $8,781 Public Industrials Suspended Buyback Program Suspends its cash dividend, after previously halting its share buyback program
Alaska Air Group, Inc. $8,781 Public Industrials Suspended Dividend Payments Suspended cash dividend, after previously halting its share buyback program
Alaska Air Group, Inc. $8,781 Public Industrials Other We will offer employees unpaid leaves of absence for 30, 60 and 90 day time-frames
Allegiant Travel Company $1,841 Public Industrials Executives: Reduced CEO Base Salary CEO will not receive a salary
Allegiant Travel Company $1,841 Public Industrials Executives: Reduced Other Executive Base Salary President will not receive a salary. Other officers will cut pay by 50%
American Airlines Group Inc. $45,768 Public Industrials Other Voluntary unpaid leave, early retirement options (15+ year service)
Delta Air Lines, Inc. $47,007 Public Industrials Executives: Reduced CEO Base Salary CEO foregoing salary for a six-month period
Delta Air Lines, Inc. $47,007 Public Industrials Executives: Reduced Other Executive Base Salary All Delta officer taking 50% pay cut
Delta Air Lines, Inc. $47,007 Public Industrials Board of Directors: Reduced Pay Board members will forego pay for six-months
Delta Air Lines, Inc. $47,007 Public Industrials Other Making voluntary leave available
Ernst & Young LLP Private Industrials Non-Executives: Suspended Raises and/or Bonuses Employees will not receive performance bonuses
General Electric Company $95,214 Public Industrials Executives: Reduced CEO Base Salary CEO foregoing salary for 2020
General Electric Company $95,214 Public Industrials Executives: Reduced Other Executive Base Salary CEO, Aviation David Joyce foregoing half of salary for 2021
InterGlobe Aviation Limited $353,402 Public Industrials Executives: Reduced CEO Base Salary CEO taking 25% salary cut
JetBlue Airways Corporation $8,094 Public Industrials Executives: Reduced CEO Base Salary 50% salary reduction for CEO
JetBlue Airways Corporation $8,094 Public Industrials Executives: Reduced Other Executive Base Salary COO Joanna Geraghty and all staff at the vice president level and above are taking cuts
Lyft, Inc. $3,616 Public Industrials Executives: Reduced CEO Base Salary Co-founders to donate salaries to support drivers
PricewaterhouseCoopers LLP Private Industrials Expanded Benefits Programs Offering $2,200 in additional emergency backup child care
Southwest Airlines Co. $22,428 Public Industrials Executives: Reduced CEO Base Salary CEO took a 10% salary cut
Spirit Airlines, Inc. $3,831 Public Industrials Executives: Reduced CEO Base Salary CEO reduced salary by 30% and other executives are also taking pay cuts
Spirit Airlines, Inc. $3,831 Public Industrials Executives: Reduced Other Executive Base Salary CEO reduced salary by 30% and other executives are also taking pay cuts
The Boeing Company $76,559 Public Industrials Executives: Reduced CEO Base Salary CEO Dave Calhoun and Chairman Larry Kellner foregoing salary until the end of 2020
The Boeing Company $76,559 Public Industrials Executives: Reduced Other Executive Base Salary CEO Dave Calhoun and Chairman Larry Kellner foregoing salary until the end of 2020
The Boeing Company $76,559 Public Industrials Suspended Buyback Program Suspended all share repurchases
TransDigm Group Incorporated $5,695 Public Industrials Delay of Annual Meeting The Company is postponing the Annual Meeting to a later date to be determined
Triumph Group, Inc. $3,076 Public Industrials Executives: Reduced CEO Base Salary Execuitves will reduce pay by 10%
Triumph Group, Inc. $3,076 Public Industrials Executives: Reduced Other Executive Base Salary Execuitves will reduce pay by 10%
Triumph Group, Inc. $3,076 Public Industrials Board of Directors: Reduced Pay The board will reduce pay by 25%
Uber Technologies, Inc. $14,147 Public Industrials Expanded Benefits Programs Will provide 14 days of sick pay for drivers or delivery workers 
United Airlines Holdings, Inc. $43,259 Public Industrials Executives: Reduced CEO Base Salary CEO Oscar Munoz and President Scott Kirby foregoing salary until June 2020
United Airlines Holdings, Inc. $43,259 Public Industrials Non-Executives: Reduced Pay CEO Oscar Munoz and President Scott Kirby foregoing salary until June 2020
Apple Inc. $267,683 Public Information Technology Non-Executives: Guaranteed Pay Continuity All hourly workers will continue to receive pay in alignment with business as usual operations
Apple Inc. $267,683 Public Information Technology Expanded Benefits Programs Expanded leave policies to accommodate personal or family health circumstances created by COVID-19 — including recovering from an illness, caring for a sick loved one, mandatory quarantining, or childcare challenges due to school closures
Automatic Data Processing, Inc. $14,538 Public Information Technology Non-Executives: One-Time Bonus One-time payment of $1,000 (or equivalent, based on the average wage parity in each country) for each associate of ADP and its subsidiaries, excluding corporate officers.
Intel Corporation $71,965 Public Information Technology Suspended Buyback Program Suspending stock repurchases in light of the COVID-19 pandemic
Microsoft Corporation $134,249 Public Information Technology Non-Executives: Guaranteed Pay Continuity Committed to continue to pay all vendor hourly service providers regular wages even if their hours are reduced because of COVID-19 concerns
Support.com, Inc. $63 Public Information Technology Executives: Reduced CEO Base Salary CEO will cut pay by 30% and other executives will receive non-disclosed pay cuts
Support.com, Inc. $63 Public Information Technology Executives: Reduced Other Executive Base Salary CEO will cut pay by 30% and other executives will receive non-disclosed pay cuts
Trip Actions, Inc. Private Information Technology Reduced Workforce Laid of 350 staff
Freeport-McMoRan Inc. $14,402 Public Materials Suspended Dividend Payments Suspending the first-quarter dividend
National Rifle Association Nonprofit Nonprofit Executives: Reduced CEO Base Salary CEO and board of directors have reduced their pay by 50% for the duration of the COVID-19 crisis
National Rifle Association Nonprofit Nonprofit Board of Directors: Reduced Pay CEO and board of directors have reduced their pay by 50% for the duration of the COVID-19 crisis
National Rifle Association Nonprofit Nonprofit Board of Directors: Reduced Pay Additional senior leaders will have “significant reductions” in salary for that time
National Rifle Association Nonprofit Nonprofit Furlough of Employees The company will be furloughing some members of its corporate staff, in addition to furloughing workers related to store closures. It will provide furloughed employees in the U.S. and Canada with two weeks pay and medical benefits through April 30
Compass Private Real Estate Executives: Reduced CEO Base Salary CEO reduced salary to $0
Compass Private Real Estate Executives: Reduced Other Executive Base Salary Executive team’s salary reduced by 25%
Compass Private Real Estate Reduced Workforce Laid off 15% of workforce: enhanced severance and COBRA health insurance along with letting employees hold on to their company laptops and providing tools, training, and networking help so that they can try to get a new job
Convene LLC Private Real Estate Reduced Workforce Laid off 20% of workforce: all laid off employees will receive a month of healthcare coverage, one month severance, and one additional week severance for each year they worked at Convene
Convene LLC Private Real Estate Furlough of Employees Those furloughed will keep their seniority at the company and Convene will pay their portion as well as the company’s healthcare contribution until August or the end of the furlough period
Summit Hotel Properties, Inc. $549 Public Real Estate Suspended Dividend Payments Suspended the declaration and payment of dividends on its common stock and operating partnership units beginning with the first quarter of 2020
Whitestone REIT $121 Public Real Estate Suspended Dividend Payments Reduced dividend payments
Zeus Living Private Real Estate Reduced Workforce Laid offf 30% of staff
Duke Energy Corporation $24,658 Public Utilities Non-Executives: One-Time Bonus $1,500 stipend to assist with unplanned expenses resulting from costs related to COVID-19 issue to employees at a certain pay threshold
Duke Energy Corporation $24,658 Public Utilities Expanded Benefits Programs Providing five additional personal days off to employees who experience a disruption in dependent care due to school, daycare or other child-related care

Methodology

This tracker uses information found on company websites, corporate press releases, and reputable news sources to evaluate policies and practices that public and private employers have adopted.