Wendy's paid CEO $4.6M for last quarter of 2011


Salon Staff
April 6, 2012 10:09PM (UTC)

NEW YORK (AP) — Wendy's gave its new CEO a pay package worth $4.6 million for the last four months of 2011.

Emil Brolick was hired last September after Wendy's split from fellow fast-food chain Arby's. The 63-year-old Brolick has been on a mission to reinvent Wendy's as a higher-end burger chain by improving ingredients and remodeling restaurants.

Advertisement:

An Associated Press analysis of a regulatory filing finds Brolick's compensation included salary of $338,462, a bonus of $500,000, stock and option awards worth $3.2 million and an incentive-based bonus of $533,026.

Other compensation covered legal expenses related to the negotiation of his contract.

Wendy's previous CEO, Roland Smith, received $16.5 million for the first part of 2011, including $11.3 million in severance pay.

The AP's calculation includes salary, bonuses, perks and stock and option awards.


Salon Staff

MORE FROM Salon Staff

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •