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Which CEO Gave his Entire 1998 Salary to a College Fund?
By Good News Network Tuesday, June 09, 1998
PepsiCo Inc. Chairman and CEO, Roger Enrico, has given up his $900,000 salary and donated it to his company’s college scholarship fund for children of front line workers. Kids of full-time employees earning less than $60,000 are eligible for the company’s fund, which made grants of $1.5 million last year to college-bound students.He announced he was “honored” to support a program that helps families of “our often unsung heroes.” Enrico still will receive his annual bonus, however, which last year totaled $1.8 million.
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