The new chief executive officer (CEO) of the Wendy’s fast food chain was provided with a pay package worth $4.6 million for the last four months of the 2011 year alone. After Wendy’s famously split from Arby’s – another fast food chain in the nation – E. Brolic, aged 63, was brought on as the company’s new CEO. From the get-go, Brolic’s mission has been to reinvent the Wendy’s food chain, marketing it as a higher-end burger joint. Primarily, this has been attempted at by improving the ingredients utilized by the food chain and remodeling several of the chain’s restaurants throughout the country.
The company’s previous CEO, R.Smith, was paid $16.5 million for the first part of the 2011 year, during which time he was still in charge of the food chain. Included in his payout was $11.3 million worth of severance pay. Business transactions of this nature are not uncommon. Almost every day,
employment agreements are formulated, modified or severed, depending on the circumstances of the situation. The same is true for
employment contracts which are constantly created, changed or ended.
The field of business law is vast and includes a number of different practices, including the hiring and firing of big-time corporate associates such as the matters recently involved in the Wendy’s fast food renovation. Business transactions of any degree need to be represented by an experienced legal professional such as that which can be found at my firm. Here, a Houston business attorney can help you address any and all of your business issues in a way that will prove to be most fruitful for you. I have been doing precisely that for more than 25 years, and I am prepared to do the same for you. When you contact a Houston business lawyer from my firm you will be provided with upstanding legal representation geared towards meeting all of your legal needs.