Simon wasn't the only company whose executives took pay cuts because of the pandemic: At Vornado Realty Trust, chairman Steve Roth halved his salary, while Bob Sulentic at CBRE also gave up his pay entirely. But base pay often represents a small chunk of an executive's total compensation. Simon's 100 percent salary cut is about 12 percent of the $10.4 million he earned in 2019, for example.