AUSTIN, Texas – Texas Roadhouse’s CEO is giving up his salary and bonuses this year to help employees during the coronavirus pandemic.
According to MarketWatch, the move affects W. Kent Taylor’s pay from March 18 through Jan. 7, 2021. His base salary and bonus will instead go to front-line workers during that time.
Taylor has a base salary of $525,000 and earned total compensation of $1.3 million in 2018, according to Louisville Business First.
MarketWatch also reported that Texas Roadhouse will suspend its dividend in an effort to conserve cash during the pandemic.
In a message on the chain’s website, Taylor said Texas Roadhouse locations would remain open for To-Go and Curbside services because “restaurants play a vital role in our nation’s food supply, and we are going to help fill the gap where and how we can.”
Texas Roadhouse restaurants are also offering special family packs for order and some have turned their parking lots into drive-thru’s in response to prohibitions on offering dine-in meals.
More headlines from CBS17.com:
- FDA clears test to detect coronavirus in 5 minutes
- Will face masks keep the uninfected safe? Coronavirus fact vs. fiction
- SeaWorld furloughs more than 90% of workforce
- Number of reported COVID-19 cases in North Carolina rises to 935
- Legendary Garner football Nelson Smith coach continues giving back to town through retirement
For more stories like this that matter to you, click here to download the CBS 17 News app for free.
Watch live newscasts, get breaking news and sign up for push alerts – download now