Sardar Biglari, the activist investor who last year took control of the struggling restaurant chain Steak n Shake Co., now is making more than his predecessors.
The board of the Indianapolis company has voted to more than triple the CEO's annual salary to $900,000, up from $280,000.
Steak n Shake said the vote occurred June 19 and that Biglari does not have an employment agreement. He also will not participate in any bonus programs or receive any stock or stock option grants.
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