Ceo Told Salaried Exempt Managers That He Had To Cut Their Hours In Half, Then He Cut Their Pay Accordingly. No Documents Were Sent. He Just Announced It On The Phone. We're Salaried And Exempt. Don't We Get Our Pay Regardless Of Hours Worked?

I'm the internal marketing executive for a company that has federal contracts, but I don't actually work on any of those contracts. My employment agreement defines me as salaried and exempt. My employer began making all management fill out a timesheet, claiming that it's a government requirement. As far a I can tell, there is no federal requirement to track my time, since it's not billed to any government work.
But it gets stranger. I worked on a company holiday because I had pressing deadlines. The CEO, to whom I answer, sent a message saying he "rejected" my timesheet. One, who cares? His "rejection" of my timesheet should have no bearing on the fixed amount of my pay or scheduled day for receiving it. He said it would cause problems for the government. This makes no sense. My pay doesn't come from his government contracts or that side of the business.
Then, when I clocked days where I worked over 40 hours, he again said I could only list 40. Why does this matter? I'm exempt. I don't get OT. I don't expect it. I understand what my role entails.
Nine weeks ago, the CEO said because of severe financial constraints (and he lost a lot of clients due to serious issues of mismanagement from Operations), he was cutting my hours in half. So, he cut my hours and, I guess his rationale goes, my pay. There was no document sent stating this change, nothing I signed, no notice that my employment status was being changed, nothing. He just cut my pay in half because he told me my hours were cut in half. But under law, as a salaried exempt executive, shouldn't I be paid my full salary regardless of hours worked in a day? Doesn't he owe me half of my pay for the 9 weeks this has been in effect?
[link] [comments]