GREENWICH Conn. Breeden Partners LP, a hedge fund that holds a 5-percent stake in Applebeeâ€™s International Inc., criticized the restaurant companyâ€™s compensation practices, alleging that such practices as executivesâ€™ liberal use of the corporate jet was part of a â€śbroader set of problems at the top of the company,â€ť according to a letter from Breeden to Applebeeâ€™s filed with regulators late Friday. Breeden, based here, said Applebeeâ€™s compensation structure is not truly linked to ...
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Contact: Desiree Torres Desiree.Torres@penton.com