On Thursday, Texas Roadhouse CEO Kent Taylor announced that he would be forgoing his remaining 2020 salary and bonus.
As the COVID-19 continues to wreak havoc in the lives of people worldwide, all we read are heartbreaking headlines that narrate disappointing stories. Given the magnitude of this health crisis, there is no overlooking these devastating accounts. But there are many stories that speak about the selfless and inspiring gestures of people who have stepped up to serve their community when they are hurting the most. This time, it is the CEO of a delicious steakhouse chain, who has won everyone's heart with his kind and generous deed. On Thursday, Texas Roadhouse CEO Kent Taylor announced that he would be forgoing his remaining 2020 salary and bonus, and use it to pay his employees as they tackle the coronavirus outbreak, reports The Hill.
"Kent Taylor has always said that Texas Roadhouse is a People-company that just happens to serve great steaks. His donation of his salary and bonus to help employees is the embodiment of that saying," a spokesperson for the restaurant told The Hill. "We are blessed to have his leadership," expressed the spokesperson appreciatively adding that the funds from Taylor's donation of his base salary will amount to just under $525,000 and the bonus would be $525,000 as well. "On a prorated basis, the forgone salary and bonus would be just under a $1 million donation to employees," he said of Taylor's decision to distribute the amount he would have received from March 18, 2020, to Jan. 7, 2021.
This move comes after government leaders deemed restaurants and businesses as nonessential sparking worry for employees in such establishments. Many municipalities across the country have ordered food establishments to reduce their services to delivery options hoping to curb the spread of the deadly COVID-19. The company's spokesperson further revealed that Taylor had recently made a hefty donation of $5 million to Andy’s Outreach, a charitable fund that helps support the company’s employees during "times of need." The fund was named after the chain's mascot, Andy Armadillo.
Like many restaurants in America, Texas Roadhouse is staying open during the Coronavirus crisis and is providing its valuable service to customers, who are unable to buy groceries or simply need a break from cooking with some comfort food delivered to their front door. The restaurant, which is headquartered in Louisville, Kentucky, is offering delivery and curbside services to its customers. However, due to the recent orders, the company which has 500 dining establishments in 49 states, has temporarily halted its dining services at different locations. Despite that, they continue to make a difference to the lives of others including their employees who are still on their payroll.
"While we realize that many people are struggling right now, I want to take a moment to let you know what Texas Roadhouse is doing to help. We are open for business and still serving America even though many of our dining rooms are temporarily closed," said Taylor in a statement pinned to the top of his companies' website. "As the President and other officials have stated, 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. In the areas where our dining rooms are closed, we are ramping up our To-Go and Curbside services and we are also turning some of our parking lots into temporary drive-thrus to serve our regular menu."
It further stated, "We are rolling out Family Value Packs as well, so stay tuned to your local Texas Roadhouse for more information. The bottom line is these are challenging times, and we are all in this together. We will continue to do our best to adapt to your needs and help support every community we serve in a safe way. Thank you again for your loyalty to Texas Roadhouse. We will never take your trust for granted and, remember, local communities across America will be stronger on the other side of this crisis."