The Reopening, in 5 Charts

The Reopening, in 5 Charts

The company had been issuing asset-backed bonds that essentially bought vehicles that the company then leased.. “¢ Creditors reportedly refused to budge on efforts to keep the company out of bankruptcy.. Several companies have recently announced a shift to a "remote first" model, relying more on virtual work.. The benefits of remote working will erode, Paco Ybarra, Citigroup's head of investment banking, said in an interview with The Financial Times .. Almost every single ambitious person in a company will be demanding a desk at HQ.". In the early stages of the pandemic, the companies hit hardest began announcing executive pay cuts.. Belden, an industrial cable manufacturer based in St. Louis, announced on Friday that its new C.E.O., Roel Vestjens, would receive only 50 percent of his $750,000 salary this year.. Earlier the week, the specialty glassmaker Corning announced that the salary of its C.E.O., Wendell Weeks, would be reduced 40 percent, and other executives would receive a 30 percent pay cut.. Mueller Water Products , which manufactures fire hydrants and other water-related infrastructure, announced on May 13 that its four top executives would receive pay cuts of 20 percent through late July..