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.