The COVID-19 outbreak has affected people around the world but the CEO of Texas Roadhouse found a unique way to do something about it. He is giving up his salary to help his employees.
Kent Taylor is the president and CEO of Texas Roadhouse. He is going to “forgo his base salary and incentive bonus from the pay period beginning March 18, 2020, and continuing through January 7, 2021.” This information is publicly available on a recent filing with the US Securities and Exchange Commission.
The filing got submitted last week and it said the money was going to be used to “assist front-line hourly restaurant employees.” Considering his 2018 compensation of $1.36 million, according to USA Today, it’s quite a gesture.
Louisville Business First received the confirmation from Kent saying that he was forgoing collecting the salary to help during a time that his employees needed him.
“I have always said we are a people-first company that just happens to serve steaks,” he said. “Giving up my salary is the least I could do to show my commitment to that belief.”
The Texas Roadhouse website posted the statement that discussed the coronavirus outbreak. According to Kent, locations are still offering curbside services for to-go orders when the dining rooms have been closed. Some locations are even using their parking lots as drive-thrus and are serving their typical menu.
“We will never take your trust for granted and, remember, local communities across America will be stronger on the other side of this crisis,” he concluded.