While the Container Store is facing some very real retail headwinds, some employees can still expect a raise this year, thanks to the company’s CEO.
Satish Malhotra has voluntarily reduced his salary by 10% to help offset costs of pay increases for others at the company. In a filing with the Securities and Exchange Commission, the company noted Malhortra’s annual salary would drop from $925,000 to $832,500 for a six-month period.
