Stakeholder challenges Applebee’s compensation policies

GREENWICH Conn. Breeden Partners LP, a hedge fund that holds a 5-percent stake in Applebee’s International Inc., criticized the restaurant company’s compensation practices, alleging that such practices as executives’ liberal use of the corporate jet was part of a “broader set of problems at the top of the company,” according to a letter from Breeden to Applebee’s filed with regulators late Friday.

Breeden, based here, said Applebee’s compensation structure is

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