Fisker Stock Alert: CEO Slashes Salary to Cover Bankruptcy Costs

Fisker (OTCMKTS:FSRNQ) CEO Henrik Fisker has cut his salary to $1 in an effort to pay off the company's bankruptcy expenses. Fisker stock, which is traded on the over-the-counter exchange or "pink sheets," is down more than 8% today. In a filing submitted Tuesday, John DiDonato, Fisker's chief restructuring officer, told the bankruptcy court that Henrik Fisker and his wife, who serves as Fisker's CFO and COO, Dr. Geeta Gupta-Fisker, have chosen to accept a salary of $1 to continue paying off "vital business ...