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The hotel chain was hit brutally hard during the pandemic, with many locations suspending operations for various chunks of time. Though Hyatt did furlough a large percentage of workers during those periods, it allowed staff to stay on the company health plan. Hyatt also continued to cover all employee benefit premiums for up to two months. Beyond those efforts, the CEO, executive chairman, and board of directors collected no salary for the majority of 2020, and the senior leadership team took reductions in pay, with that money instead going toward grants to colleagues globally: an expected $17 million by the end of 2020.
Courtesy of Hyatt Hotels
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