Martha Stewart taking a pay cut

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Thursday, July 4, 2013 - 9:57am

Celebrity chef and cooking guru Martha Stewart is taking a pay cut. The domestic diva agreed to a  200-thousand dollar decrease in her base salary from her company Martha Stewart Living Omnimedia.

The move reduces her pay to 1-point-8 million a year. Stewart also agreed to a 300-thousand-dollar reduction in her perks package to 1-point-7-million-dollars. The company says the cuts are needed in an effort to return to profitability.
 

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