Texas Roadhouse CEO Kent Taylor announced that he was going to forgo his salary and bonus pay period starting March 18 through Jan. 7.
He said the decision was in order to help front-line workers, according to MarketWatch.com.
The steakhouse chain’s board of directors voted Tuesday to suspend the payment of quarterly cash dividends of the company’s common stock, effective with respect to dividends occurring after March 27, “to better manage its cash position and enhance financial flexibility in light of the uncertainty in the global markets resulting from the COVID-19 outbreak.”
In 2018, Taylor's salary was $1.3 million, according to Louisiana Business First .
This story was originally published on WTMJ.
