April 13, 2020 Joseph Jamrog - Researcher, i4cp

Liberty Global creates $4 million fund to help its employees

Liberty Global is putting $4 million, including $1 million from CEO Mike Fries, into an employee fund to combat the effects of COVID-19. Liberty Global announced its new Liberty Global Response Fund, which is intended to help employees and their families who have been impacted by coronavirus pandemic, on Thursday. In addition to Fries, the program will also be funded by Liberty Global's executive leadership team and board of directors who will donate $2 million out of the rest of their 2020 salaries and director fees.

"At Liberty Global, we are a family first," Fries said in a statement. "On a day-to-day basis we are doing everything we can to protect the safety and well-being of our employees, but sometimes that is not enough. Those with elderly parents, partners out of work, or other challenges need additional help to get through this crisis.