Martha Stewart Takes A Pay Cut
(New York, NY) Martha Stewart will have a little less dough to spend this Fourth of July.
That’s because the celebrity chef and cooking guru is taking a pay cut.
Stewart agreed to a $200,000 decrease in her base salary from her company, Martha Stewart Living Omnimedia.
The move reduces her pay to $1.8 million a year.
The company is making the cuts in an attempt to return to profitability.