TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Burger King gives CEO pay hike amid revitalization

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

BKW $19.39 +$0.03

at close on TUESDAY

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By The Associated Press
Wednesday, April 3, 2013, 12:01 a.m.
 

Burger King CEO Bernardo Hees got a big pay hike last year as the world's second-largest hamburger chain revamped its menu and began trading publicly again.

The Miami-based fast-food chain gave Hees a pay package worth $6.5 million, according to a filing with the Securities and Exchange Commission. That's up 61 percent from 2011. Hees is also a partner at 3G Capital, the investment firm that bought Burger King and took it private in 2010.

Since taking over Burger King, 3G has applied its aggressive cost-cutting strategy that included slashing jobs at its headquarters and shifting to an entirely franchised model. Burger King, which has more than 12,900 locations worldwide, has been working to expand its presence in emerging markets.

such as China and Russia.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Shell shovels $30M into proposed Beaver County plant site
  2. Bond funds hold onto cash
  3. Extended oil slump takes toll
  4. Tech Q&A: Why you should test your router
  5. Of Caitlyn Jenner and workplace restrooms
  6. Off-duty but on call: Suits seek overtime
  7. Small business hangs on fate of Export-Import Bank
  8. Companies hand out perks, benefits instead of pay raises
  9. When it comes to home ownership, Hispanics finding locked doors
  10. Muni bond funds stressed
  11. $2-per-gallon gas expected by year’s end, but not in Western Pa.