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

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. Experts: If health insurers’ safeguard goes broke, consumers could pay
  2. Visa limits vex businesses
  3. Camera prevalence approaches sci-fi realm
  4. MedExpress bought by United Health Group
  5. Rules could kick door open for nuclear power
  6. California drought may be felt in Pittsburgh restaurants, groceries
  7. Union seeks labor board injunction over Wal-Mart store closings
  8. Mylan pressured to accept $40B buyout bid by Teva
  9. Nike, Under Armour invest in watching exercisers’ steps
  10. Kings Family Restaurants sold to California firm
  11. Paper’s prevalence unlikely to diminish