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Micron Technology Inc said Chief Executive Mark Durcan will take a voluntary 50 percent cut in his base salary, amid cost-cutting at the memory chipmaker.The cut, which is temporary, reduced Durcan's annual base salary to $525,000, effective Oct. 18, the company said in a filing on Friday. Micron, which makes both dynamic random access and NAND flash memory chips, has struggled with weak demand for its chips used in computers.China's state-backed Tsinghua Unigroup Ltd, a technology conglomerate, has been pursuing Micron, according to media reports. It has offered $23 billion for Micron, but the plan has been clouded by U.S. security concerns. (Reporting by Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)
Read more http://feeds.reuters.com/~r/reuters/technologyNews/~3/fG_OiI9-G04/story01.htm
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