Katie Couric, former news anchor for “CBS Evening News” took a $1 million pay cut in 2009 in order to save other employees from losing their jobs.
The story is only just now coming to light because of the Amazon best seller Powerhouse: The Untold Story of Hollywood’s Creative Artists Agency by James Andrew Miller.
Through a string of sources, Miller was told about how Couric met with CBS News president Sean McManus, after only 3 years of working with the company, to address rumors of the significant layoffs.
Couric proposed covering the necessary budget shortfall from her own salary, and only requested that there be “no public or private acknowledgement of the deed.”
Since the book was published on August 9th, 2016, the journalist has received widespread applause and admiration despite her modest wishes.
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