Panera Bread CEO to Try Food-Stamp Budget

by William White | September 16, 2013 9:53 am

paneraBreadLogo e1322675934882 Panera Bread CEO to Try Food Stamp Budget[1]Ron Shaich, CEO of Panera Bread (PNRA[2]), will live on a food-stamp budget of $4.50 a day[3] for food for one week.

Shaich is living on the food-stamp budget as part of the SNAP challenge. SNAP is the system that replaced food stamps. Shaich started the challenge on Saturday and is documenting his challenge on LinkedIn (LNKD[4]). Shaich took his $31.50, the average weekly budget for someone on SNAP, to a grocery store and bought cereal, pasta, lentils, chickpeas and some vegetables. He noted that it was a barren shopping cart and that he didn’t know if he would be able to sustain himself on the budget. Shiach spent $25.95 on the food he bought that day, which leaves him with $5.55 to buy food with for the rest of the week, reports Daily Finance.

“I haven’t even felt the first pangs of hunger, and I’m already gaining a whole new perspective into challenges that so many people in this country face in dealing with food insecurity,” Shaich wrote on his blog[5].

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2010/08/paneraBreadLogo-e1322675934882.jpg
  2. PNRA: http://studio-5.financialcontent.com/investplace/quote?Symbol=PNRA
  3. $4.50 a day: http://www.dailyfinance.com/on/panera-ceo-ron-shaich-snap-challenge-food-stamps/
  4. LNKD: http://studio-5.financialcontent.com/investplace/quote?Symbol=LNKD
  5. wrote on his blog: http://www.linkedin.com/today/post/article/20130913215601-25745675-snap-challenge-day-1-prepping-for-the-challenge?trk=tod-home-art-list-large_0

Source URL: http://investorplace.com/2013/09/panera-bread-ceo-to-try-food-stamp-budget/
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