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Chipmaker Micron's CEO to take voluntary 50 percent pay cut

2015-10-17 01:27:59| Semiconductors - Topix.net

Micron Technology Inc said Chief Executive Mark Durcan will take a voluntary 50 percent cut in his base salary, amid cost-cutting at the memory chipmaker. The cut, which is temporary, reduced Durcan's annual base salary to $525,000, effective Oct. 18, the company said in a filing on Friday.

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