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Fortune
Fortune
Diane Brady

The best way for CEOs to keep bonuses in a downturn: Lower expectations

Fortune Tim Cook Apple
(Credit: Fabrice Coffrini—AFP via Getty Images)
  • In today’s CEO Daily: How CEOs are protecting their pay packages by setting lower targets
  • The big leadership story: Whether Meta’s reported 20% layoffs will encourage a new wave of job cuts
  • The markets: A big Asia rebound
  • Plus: All the news and watercooler chat from Fortune.

Good morning. Call it the Hall of Blame. One time-honored tradition in business is to take credit for what goes well, blame disappointing results on factors beyond your control and lower the bar in tough times to be able to clear it so that your pay package remains intact.

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