Does It Pay to Reduce Pay? (BusinessWeek Online via Yahoo! News)

Once considered off limits for salaried managers and professionals, base pay reductions are becoming increasingly common in today’s brutal recession. Many human resources experts believe the recent moves by major companies — household names such as FedEx , Hewlett-Packard and Saks Fifth Avenue are all trimming salaries — could present perils when the economy turns back up again. They argue …

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