CEO to pay college tuition fees for employees' children

A New York based CEO has pledged to pay the college tuition fees for the children of his employees.

Chieh Huang, boss of New York based tech-company Boxed, will be launching a not-for-profit foundation specifically for the project. The CEO said: “We’re building a long-term business and if you are along for the ride, we are going to invest in you.”

Having already sunk £1million into the foundation in the form of shares and bonds, Huang is urging affiliated business’ to do the same. Boxed currently employs 100 staff, the majority of which work in the warehouses and in the delivery sector.

Huang cites education as “the core” of facilitating success in life, he himself having been born to Taiwanese immigrant parents and having had a modest upbringing. Huang managed to secure places at prestigious colleges, John Hopkins University and Fordham Law School, before turning his hand to enterprise, founding two highly successful companies.