Tavistock executives slash pay amid coronavirus pandemic

Firm to undertake cost-cutting measures

Hannah Godfrey
clock • 1 min read

Bosses at Tavistock Investments have volunteered to waive a “significant proportion” of their income during the Covid-19 pandemic, a market update revealed this morning.

The move, which took effect immediately (8 April), sat alongside a range of other measures the business had put in place to keep the it in "the best working order" during the crisis. The firm said no dividend would be paid to its shareholders at the present time, and a comprehensive strategic review was underway with a view to cut costs from the business. Tavistock Investments chief executive Brian Raven said: "The key measure of leadership is how well it performs under difficult circumstances. Tavistock is led by a strong, experienced and unified team who have clearly demonstrated th...

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