Are the CEO and the VP’s going to see a cut?
If not, why not?
Ah - because they get bonuses, stock options and the like, supposedly based on performance. Their pay already factors in a certain number of hours per week and the bonuses reward behavior that contributed to company profits.
As I see it, the lower-level folks weren’t getting overtime and probably not bonuses either, and they wanted to see a return on all the hours they worked every week over 40.
The simple answer to that question is apparent from reading the article. The CEO and the VPs are not eligible for overtime pay. Therefore, they will not see a cut in their base pay. Nor will they be receiving pay for overtime.