NEW YORK (AP) — 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 the $4 million he received in 2011. Hees is also a partner at 3G Capital, the investment firm that bought Burger King and took it private in 2010.
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Since taking over Burger King Worldwide Inc., 3G has applied its aggressive cost-cutting strategy that included slashing jobs at its headquarters and shifting to an entirely franchised model. The company, which has more than 12,900 locations worldwide, has also been working to expand its presence in emerging markets such as China and Russia.
