SiliconBeat

Network Equipment Technologies reported issuing a block of shares of restricted stock on Monday to its employees, including its executive officers, “intended primarily to approximately offset temporary salary reductions” which began being imposed for a six-month period beginning with the company’s April 3 payroll.

The company issued Read the rest of this entry »

The compensation committee of Network Equipment Technologies’ board of directors voted last week to enact a six-month salary reduction for virtually all of its employees.

Chief Executive C. Nicholas Keating will have 15 percent knocked off his pay while the salary of the company’s other executives is to be reduced 10 percent. Salaries for most other employees Read the rest of this entry »