Does it ever make sense to ask for a pay cut? on April 10, 2016The boss of the Co-op Group has asked for a £500,000 pay cut. Starting in July, chief executive Richard Pennycook’s basic salary will fall from £1.25m to £750,000. At first glance, this may seem a little crazy – if your company’s board of directors is prepared to pay you that much, why take less? But […]