Jacobs execs take pay cut; firms' government contracts refocused on coronavirus outbreak

Jacobs’ top executives and board of directors are taking cuts in compensation during the COVID-19 outbreak, while some of the firm’s government contracts are being shifted to respond to the pandemic. CEO Steve Demetriou outlined the actions Jacobs (NYSE: J) is taking during the pandemic in a statement posted on the firm’s website on Friday. Jacobs is donating $1 million toward coronavirus mitigation, including matching any employee fundraising efforts on the local level, according to a news…