<ul><li>Satish Malhotra, the CEO of The Container Store, an American retail chain company, has volunteered to take a 10% salary cut to facilitate salary hikes for other employees.</li><li>Malhotra has been in his role as CEO since February 2021 and previously worked at Sephora for 20 years.</li><li>Following his gesture, Malhotra's salary will be reduced by 10% for the next 6 months, resulting in a reduced annual income of Rs 6.9 crore instead of Rs 7.7 crore.</li></ul>

Indian-origin CEO of US company sacrifices part of own salary for employees' salary hike

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