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4Kids CEO Takes Pay Cut

Television

4Kids CEO Takes Pay Cut

Al Kahn, the CEO of struggling children’s entertainment distributor 4Kids Entertainment, is taking a pay cut of 15 percent.

According to ICv2.com, Kahn’s cut brings his pay down to $765,000.

4Kids, which operates a kids programming block on The CW television network, has been hit hard by investment losses and difficulties getting its Chaotic TCG property off the ground

Other execs at the company, including the CFO and general counsel, also have new compensation agreements that offer incentives of up to double their annual salary if they succeed in finding a buyer to take over the company.

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