Monzo CEO waives salary for a year as bank prepares for coronavirus downturn - source
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LONDON (Reuters) - The boss of British digital bank Monzo has volunteered to forego his salary for a year, while other senior staff will take a 25% pay cut, as part of measures the lender is taking in response to the coronavirus hit on the economy.Co-founder and CEO Tom Blomfield told the bank's 1,500 staff that he would not be taking a salary for twelve months, a source familiar with the contents of the memo said.Other members of the senior management team, the board and some other staff have..