Texas Roadhouse’s CEO gives up salary, bonus to pay front-line workers during coronavirus pandemic

Local News

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 $525,000 base salary and bonus will instead go to front-line workers during that time.

Taylor also had an earned total compensation of $1.3 million in 2018, according to Louisville Business First.

Texas Roadhouse will suspend its dividend in an effort to conserve cash during the pandemic, according to MarketWatch  .

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-thrus in response to prohibitions on offering dine-in meals.

For more information on Texas Roadhouse and other local businesses offering take out in the area, click here.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories