
Unlike Jensen Huang, this CEO embraces work-life balance and is proud he takes vacations and coached his kids’ baseball team
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With millions of PTO left on the table each year, Lactalis U.S. Yogurt CEO Bill Cassidy argues normalizing time off is a competitive advantage—not a concession.
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investment
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August 23, 2025
11:28 AM
Fortune
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Success·chief executive officer (CEO)Un Jensen Huang, this CEO embraces work-life balance and is ud he takes vacations and coached his kids’ baseball teamBy Preston ForeBy Preston ForeStaff Writer, EducationPreston ForeStaff Writer, EducationPreston Fore is a reporter at Fortune, covering education and personal finance for the Success team.SEE FULL BIO With millions of PTO left on the table each year, Lactalis U.S
Yogurt CEO Bill Cassidy argues normalizing time off is a competitive advantage—not a concession
Courtesy of Lactalis U.S
YogurtBillionaire CEOs, Jensen Huang and Elon Musk, udly embrace not taking a day off of work
However, not taking PTO may do more harm than good for , according to Bill Cassidy, CEO of Lactalis U.S
Yogurt ( to brands Yoplait and Siggi’s)
He tells Fortune he works to —and encourages his team to take their dream vacations
Each year, nearly half of U.S. workers forgo their dream vacation— a trip to Paris or Hawaii—and instead log more hours in the office
The result: more than 700 million unused paid time off (PTO) days, according to a 2019 study
For some employers, this culture of loving time in the office is good news for the bottom line, thanks to more than $65 billion-worth of benefits going unused
But for others, including Bill Cassidy, CEO of Lactalis U.S
Yogurt, the trend is a warning sign
As the leader behind $750-million-a-year cooler-aisle names Yoplait, Go-Gurt, and Siggi’s, Cassidy motes a philosophy that runs counter to high-file billionaires Jensen Huang and Elon Musk, who udly embrace 24/7 work
Cassidy’s alternate stance is simple: “I work to .” “Work is an enabler to do all the other stuff that we want to accomplish in our s,” he tells Fortune. “I love what I do
I love my family and friends more than work
But when you put the two together, you have that right level of balance.” At a time when many CEOs view advancing nology and AI disruption as reasons to double-down on hustle culture, Cassidy said he believes striking the appriate balance is what will lead to success for workers and leaders a. “To be a better leader, I also need that right amount of time to disconnect from the , spend time with family and friends and come back—whether it’s a two-day vacation, a week’s vacation—that’s kind of irrelevant, but I come back recharge with more energy to drive the ,” he adds
Encouraging employees to take PTO While some leaders may take pride in working all the time—seven days a week, with no vacations—Cassidy says that’s not a lifestyle he ever planned to embrace. “One thing I never wanted in life was to have regrets that I did not spend the right amount of time with my kids, in particular,” he says
In fact, even while climbing the corporate ranks, he continued to coach his kids’ football, baseball, and soccer teams—even if it meant he had to substitute responding to s for team practice
It’s a workplace culture he’s tried to build as CEO by encouraging all employees to use their full PTO benefits each year—and avoid being among the millions of workers who don’t
That mindset even spilled into marketing
Earlier this year, Siggi’s launched a PTO-focused campaign with the goal of calling attention to the lack of vacation days throughout the world
The company gave 10 winners $5,000 and a flight voucher to go take their time off—something Cassidy says all companies should encourage. “Don’t feel as if you’re not here, work’s not going to get done,” Cassidy says. “It’s more the culture of taking time off and it being okay to take time off.” Younger workers in particular are taking this philosophy to heart and believe working to is a top priority
More than 42% of all Gen Z and millennials say their managers should help set boundaries and facilitate work-life balance, according to a 2025 Deloitte study
Striking the right PTO balance Determining how much PTO is awarded for employees is a major consideration of many job seekers—and can even be a make-or-break factor
In fact, one survey found 1 in 5 workers would turn down a job without unlimited PTO, even though it’s only found at 6% of companies, according to SHRM
Beyond being an enticing perk for new-hires, unlimited PTO is viewed as something that could give companies a competitive edge
Some 57% of retail investors expressed the belief that companies offering unlimited vacation could fare better than the top 500 companies listed on the U.S. stock exchange, according to a survey by Bloomberg
Netflix is considered one of the companies that brought the policy into the main—thanks in part to an affinity for time off by its billionaire cofounder Reed Hastings
He takes around six weeks of vacation each year and hopes his employees will do the same. “I take a lot of vacation and I’m hoping that certainly sets an example,” the former Netflix CEO said in 2015. “It is helpful
You often do your best thinking when you’re off hiking in some mountain or something
You get a different perspective on things.” But other companies have tried unlimited PTO—and reversed course
A LinkedIn post from Ryan Breslow, the CEO of fin startup Bolt, went viral earlier this year for announcing the death of unlimited PTO at his company due it causing more harm than good for employees. “We just killed unlimited PTO at Bolt,” Breslow wrote. “It sounds gressive, but it’s totally broken
When time off is undefined, the good ones don’t take PTO
The bad ones take too much.” And while Lactalis did not vide specifics of their PTO policy besides being “generous and flexible,” Cassidy said he believes the companies that thrive won’t be the ones that glorify constant work, but the ones that help employees take time off—without guilt
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