Coronavirus compels Yum Brands CEO to forego pay
Yum Brands CEO: Forgoing salary in wake of coronavirus
Yum! Brands CEO David Gibbs discusses efforts to care for employees during the coronavirus pandemic.
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Yum Brands CEO David Gibbs said Monday that he is foregoing his pay in 2020 in the wake of the coronavirus to create more funds for employees.
“This is all about the frontline employees and making sure we take care of them,” he told FOX Business’ Stuart Varney.
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The restaurant chain, which operates KFC, Taco Bell, Pizza Hut and The Habit Burger Grill, is issuing $1,000 bonuses to its roughly 1,200 general managers.
“We certainly recognize we have an important role to play in our communities with those frontline employees serving the communities around the world… the safe affordable food that they want,” said Gibbs.