REPORT: CEO of successful restaurant chain gives up salary for year to pay workers during pandemic

MARCH 26, 2020

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TUCSON.COM:

Texas Roadhouse CEO Kent Taylor is giving up his salary and bonus for the year in order to pay the steakhouse chain’s front-line employees during the coronavirus pandemic.

Taylor elected to forgo his base salary and incentive bonus from the pay period starting March 18 through Jan. 7, 2021, according to a MarketWatch report.

The article goes on to state the following:

According to Louisville Business First, Taylor’s compensation was $1.3 million in 2018, down from $8.5 million in 2017. His base salary was $525,000. He received stock awards of $7.3 million in 2017 and none in 2018.

The report stated that Taylor opened his first Texas Roadhouse restaurant in Clarksville, Indiana in 1993, and has since expanded the business to 611 restaurants in 49 states and 10 other countries.

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