The latest announcement is out from Charles & Colvard (CTHR).
Facing the challenges from rising gold prices, increased costs for lab-grown diamonds and moissanite, inflation, and a competitive retail market, Charles & Colvard, Ltd. has amended the employment agreements of its top executives, slashing their base salaries by 10%. Additionally, the company’s directors will see their fees cut entirely, both measures effective from June 24, 2024, with no back pay entitlement, as part of a strategic move to stabilize the business’s financial standing.
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