By now, everyone knows that the coronavirus has taken its toll on the entire global economy. Every industry has been hit hard, with stock prices plummeting more than what could have ever been imagined. The casino industry hasn’t been immune from the downfall, with some stocks dropping as much as 70%. However, as history has shown time and again, this slump is only temporary, and the economy will bounce back. Executives with Wynn Resorts are counting on it, and have elected to receive shares in lieu of paychecks for the rest of 2020.

Wynn Resorts announced yesterday that several of the company’s top officials, including CEO Matt Maddox, would participate in the stock-over-salary option. The company explained, “The Company’s CEO, Matt Maddox, agreed to forego 100% of his salary in exchange for shares for the remainder of the year. The cash savings arising from the executive salary reductions will be used to offset ongoing employee payroll and other expenses.”

It’s not a difficult decision to make, especially when you’re earning over $17 million a year. That was Maddox’s salary in 2018, broken down into $1.9 million in cash and $12 million in company stock. He signed a new agreement to continue as the company’s CEO for three more years last December at the same pay rate.

Other sharing office space with Maddox have gotten on board, as well. The company didn’t go into specifics on the different executives and their compensation agreements, but indicated that they had agreed to exchange their salary for anywhere from 33% to 100% in shares for the rest of the year.