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“This pandemic impacts industry sectors differently, and its effect on pay and workforce decisions vary as well,” said Jim Hudner, managing director at Pearl Meyer.
"Most boards want to do the right thing and shareholders will remember how companies behaved at this time," said Simon Patterson, managing director at Pearl Meyer.
“While the longer-term impact of COVID-19 on the economy is unclear, companies are beginning to inventory the impact and are considering a range of people actions to ensure they can effectively navigate this massive disruption,” said Brett Herand, principal at Pearl Meyer
Peter Lupo, senior managing director and Atlantic region head said, “Discussions [about 2020 executive pay goals] will take place when comp committees convene for their regularly scheduled meeting to discuss goals around mid-year, but depending on the severity of issues, they could choose to have a special meeting.”