General Discussion

LovingA2andMI

(7,006 posts) Sun Mar 29, 2020, 09:45 PM Mar 2020

Every CEO Should Be Kent Taylor From Texas Roadhouse - ALL OF THEM!!!!

Texas Roadhouse CEO and founder Kent Taylor will give up his pay for the rest of the year so that the money can go to “front-line workers” amid an industry crunch due to restrictions aimed at slowing the spread of COVID-19, according to reports.

To help struggling employees amid the novel coronavirus pandemic, the steakhouse chain executive will forego his pay from March 18, 2020, to Jan. 7, 2021, MarketWatch reported Wednesday. The company will also suspend its dividend during the crisis.

A spokesperson for Texas Roadhouse did not immediately respond to a request for comment.

https://www.fox10phoenix.com/news/texas-roadhouse-ceo-foregoes-salary-for-1-year-to-pay-workers-amid-coronavirus-reports

5 replies

= new reply since forum marked as read

Highlight:

Every CEO Should Be Kent Taylor From Texas Roadhouse - ALL OF THEM!!!! (Original Post) LovingA2andMI Mar 2020 OP

just curious, but why would... getagrip_already Mar 2020 #1

Also, his salary is about as literally a drop in the bucket as it gets. HotTeaBag Mar 2020 #2

His Dividend and Salary.... LovingA2andMI Mar 2020 #3

Ever Heard of a Contractual Agreement? LovingA2andMI Mar 2020 #4

I guess I'll have my first sit down in a restaurant steak at Texas Roadhouse. denbot Mar 2020 #5

getagrip_already

(14,816 posts)

1. just curious, but why would...

Reply to LovingA2andMI (Original post)

Sun Mar 29, 2020, 09:51 PM

Mar 2020

Why would a company with every store closed, no revenue coming in, and huge debt payments due have cash to pay a dividend?

I applaud the ceo for at least a token to employees, but I wonder at the math here. Yeah, I'm a cynical bastard. Sue me.

HotTeaBag

(1,206 posts)

2. Also, his salary is about as literally a drop in the bucket as it gets.

Reply to getagrip_already (Reply #1)

Sun Mar 29, 2020, 09:57 PM

Mar 2020

A lot of these 'rich people doing good deeds' stories are cynical PR, nothing more - just positioning their brand so that people will look upon them kindly when this is all over.

LovingA2andMI

(7,006 posts)

3. His Dividend and Salary....

Reply to HotTeaBag (Reply #2)

Mon Mar 30, 2020, 02:09 AM

Mar 2020

are by Contractual agreement. He's RIGHTFULLY giving it to the Hostess, Waitpersons, Cooks, Bartenders, Dishwashers, Bussers of Texas Roadhouse.

Not all CEO's are horrible people. Maybe if more took this step - some would not think they are all horrible people.

LovingA2andMI

(7,006 posts)

4. Ever Heard of a Contractual Agreement?

Reply to getagrip_already (Reply #1)

Mon Mar 30, 2020, 02:11 AM

Mar 2020

That's why. He is doing the right thing here and more should follow the lead. P/S: Not all CEO's are horrible people. #FYI

denbot

(9,901 posts)

5. I guess I'll have my first sit down in a restaurant steak at Texas Roadhouse.