Gary Gershoff | Getty Illustrations or photos
Yum Brands CEO Mark King will forgo the relaxation of his foundation income in 2020 to fund one particular-time $1,000 bonuses to the firm’s just about 1,200 cafe normal administrators across KFC, Pizza Hut, Taco Bell and The Behavior Burger Grill.
His salary will also support fund the Yum Manufacturers Basis World wide Staff Healthcare Aid Fund, in accordance to a Monday regulatory submitting. The fund will offer monetary hardship grants to these immediately impacted by the coronavirus pandemic, which include firm and franchise cafe staff members. Yum designs to also take donations to the fund.
King stood to make $900,000 from his salary this 12 months, excluding any functionality-dependent bonuses.
Chief executives across the cafe field have been forgoing their salaries or accepting slashed pay out as the coronavirus pandemic hits revenue and potential customers to layoffs. Darden Restaurants CEO Gene Lee is also not using a wage, although The Cheesecake Factory CEO David Overton is getting a 20% pay back slice, alongside with other executives.