Texas Roadhouse CEO to give up salary to pay front-line workers

Texas Roadhouse

Texas Roadhouse CEO Kent Taylor announced that he was going to forgo his salary and bonus pay period that began March 18 and will go through Jan. 7.

He told Marketwatch.com that the decision to forgo his salary was so the company could pay the front-line employees.

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.”