Panera Bread CEO to Try Food-Stamp Budget

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

paneraBreadLogo[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].

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