BUSINESS

Chipotle Slashed CEO Pay Amid Food-Safety Crisis

Steve Ells, the founder and CEO of Chipotle Mexican Grill, has taken a rather enormous pay cut.
Steve Ells, the founder and CEO of Chipotle Mexican Grill, has taken a rather enormous pay cut.

We’ve seen a lot of Chipotle co-CEO Steve Ells since last fall, when the first in a series of food-borne outbreaks were tied to the chain, bringing the safety of its food and the soundness of its business into question. In December Ells went on the Today show, where he promised Matt Lauer that the company is working to make Chipotle “the safest restaurant to eat at.”

 

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