The concentration of wealth at Applebee's
Title: Applebee's execs get $1.5M in bonuses
Source: The Business Journal of Kansas City
Date: February 23, 2005
From the article:
- Applebee's International Inc. has granted its five top-compensated executives a total of nearly $1.5 million in 2004 cash bonuses.
The Overland Park-based casual dining chain (Nasdaq: APPB) will pay CEO Lloyd Hill the largest bonus at $554,500, the company said in a Wednesday filing with the Securities and Exchange Commission.
- Hill, whose salary was reported as $670,000 in the company's most recent proxy statement, will get a 2005 base salary of $800,000, cash bonus potential of as much as 125 percent of base salary, stock option grants of 141,000 shares and restricted stock grants of 27,000 shares.
Because of this trend, a small number of people in American society take more and more and more of the income, leaving less and less for everyone else. See This page for details.