CEO Pays For All Employees' Kids' College Tuition
Chieh Huang, CEO of Boxed, announced that he would be paying the college tuition for all of employees' children. The startup employs about 100, many of which work in the warehouse and make $12-$15 an hour. Huang said that he wanted to do something that could help their families as a whole and for a longer period of time, so he decided that the best thing to do was to pay for their children to go to college.
"These folks have dedicated themselves to our company day in and day out," Huang said. "I'm really nothing without them, so this was just my way of making the situation right."
Huang said that he feels that there is sometimes an inequality of opportunity in America, and he knew this personally because his parents immigrated into the country with little money.
"I was in a position to help solve that, so I thought 'why not?'," Huang said.