SANTA ANA, Calif.-- Stec Inc. said Monday that it accepted offers from its CEO and its founder to reduce their annual salaries to $1. The salary reduction was accepted by Stec's board and took effect on Dec. 1, the company said. In addition, the pair late last month bought on the open market about 275,000 shares of Stec common stock, the company said.
Source: http://www.cnbc.com/id/19916736/Latest_Business_News_Wires__Business_Headlines
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