Bars, restaurants, and airlines aren’t the only business feeling the economic impact of the Chinese coronavirus. The National Rifle Association is feeling the pinch, too. The Association was forced to cancel its annual meeting and convention — a big revenue source — that had been scheduled for Nashville next month.
According to a just-published Wall Street Journal report (behind a paywall), the NRA has also experience a “a major disruption to our fundraising activities.” As a result . . .
The National Rifle Association is cutting salaries by 20% across the board and laying off an unspecified number of employees amid a plunge in fundraising during the coronavirus crisis.
The cuts were announced to staff Monday and confirmed by a person familiar with the matter.
The WSJ story indicates that NRA CEO and Executive Vice President Wayne LaPierre will take a pay cut larger than 20%, though the exact amount isn’t specified.
Mr. LaPierre’s base salary was $1.27 million in 2018, the most recent available year, and his total pay was $2.2 million.