My News Today » Ohio http://www.mynews-today.com The News you want and need! Thu, 05 Nov 2009 21:29:46 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 What If…All CEO’s gave back some of their bonus money ‘for the good of the company’. http://www.mynews-today.com/2009/02/what-ifall-ceos-gave-back-some-of-their-bonus-money-for-the-good-of-the-company/ http://www.mynews-today.com/2009/02/what-ifall-ceos-gave-back-some-of-their-bonus-money-for-the-good-of-the-company/#comments Fri, 13 Feb 2009 18:16:54 +0000 Kyle http://www.mynews-today.com/?p=475 CEO OLD BUSINESSES

Cleveland.com – With his company cutting jobs to cope with the recession, the head of a local company decided on his own to take a $600,000 pay cut.

Edward Crawford, chairman and chief executive of Cleveland’s Park-Ohio Holdings Corp., voluntarily waived $600,000 of his 2008 bonus money, according to a regulatory filing the company made this morning.

Crawford, whose trademark is wearing one of his dozens of baseball caps with a business suit, gave a matter-of-fact reason for taking the unusual step:

“Well, for the good of the company,” he said simply in a phone conversation today.

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