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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.