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Trip.com CEO slashes salary to zero as the coronavirus slams travel

03/10/2020| 9:32:58 PM|

CEO Jane Sun was confident that pent-up demand will drive recovery for Trip.com once the outbreak is over.

Trip.com, China's largest online travel platform, is feeling so much pain from the novel coronavirus outbreak that CEO Jane Sun and chairman James Liang will stop taking salaries to help the company cope with losses.

"Starting from this month, James and I will receive zero salary, and members of the senior management will take voluntary pay cuts, up to half of their salary," Sun wrote.

The company did not disclose their salaries in its most recent annual report but noted that it paid all of its directors, including Sun and Liang, cash compensation totaling $1.7 million in 2018.

Shares in Trip.com are down nearly 12% so far this year.

Sun was confident that pent-up demand will drive recovery for Trip.com once the outbreak is over.

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TAGS: Trip.com Group | OTA
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