Wendy’s paid new CEO $4.6M for last 4 months of 2011; former CEO got $11.3M in severance

Advertisement

Advertise with us

NEW YORK, N.Y. - Wendy's gave its new CEO a pay package worth $4.6 million for the last four months of 2011.

Read this article for free:

or

Already have an account? Log in here »

To continue reading, please subscribe with this special offer:

All-Access Digital Subscription

$1.50 for 150 days*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Continue

*Pay $1.50 for the first 22 weeks of your subscription. After 22 weeks, price increases to the regular rate of $19.00 per month. GST will be added to each payment. Subscription can be cancelled after the first 22 weeks.

Hey there, time traveller!
This article was published 06/04/2012 (3890 days ago), so information in it may no longer be current.

NEW YORK, N.Y. – 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.

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.

This Jan. 29, 2012 photo, shows a Wendy's sign at a restaurant in Culver City, Calif., Jan. 29, 2012. THE CANADIAN PRESS/AP, Reed Saxon

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.

Report Error Submit a Tip

Advertisement

Advertise With Us

Business

LOAD MORE BUSINESS