Fortune Magazine | Outback Steakhouse's new CEO is getting a $500,000 signing bonus @fortune | Uploaded September 2024 | Updated October 2024, 3 hours ago.
What’s better than receiving a signing bonus?

Maybe getting a bigger one just over a year later. Delta gave Mike Spanos a $250,000 signing bonus to join the airline as its chief operating officer last June, but he’ll now get double that just by signing the dotted line to become CEO of Bloomin’ Brands, the parent of Outback Steakhouse, in a move announced Monday.

All told, Spanos’s initial compensation package is valued at almost $12.3 million. That’s over 1 million orders of the Bloomin’ Onion, Outback’s signature fried appetizer currently priced at $10.99.

#outback #outbacksteakhouse #mikespanos

Subscribe to Fortune -
youtube.com/subscription_center?add_user=FortuneMagazineVideo

Fortune Magazine is a global leader in business journalism with 55 million monthly page views and a readership of nearly 32 million, with major franchises including the Fortune 500 and the Fortune 100 Best Companies to Work For. The new Fortune video channel dives into personal stories from business owners and entrepreneurs becoming successful in business and sharing their tips to help you reach your goals.

Website: fortune.com
Facebook: facebook.com/FortuneMagazine
Twitter: twitter.com/FortuneMagazine
TikTok: tiktok.com/@fortune