@Scrbblchick -- I wonder if we work for the same company. We've been seeing the same thing. Our company president said he was taking a voluntary $15,000 annual pay cut. My heart bleeds for him. This means he will only make about $300K next year.
If you look at our pay structure, there is a *huge* disparity between the salaries for management and those of the hourly employees. Huge disparity, like 45 percent, and much more than that, in some cases.
Downsizing some of the top salaries would help our company's bottom line and improve morale, too. We feel like we the lowly are the ones making all the sacrifices, when management hasn't had to make too many at all.