Wendy’s/Arby’s Group Inc. posted a higher profit in 2009, but its top executive saw his total compensation go down.

In a proxy filed with the Securities and Exchange Commission, the Atlanta-based fast-food restaurant chain owner and operator said it gave CEO Roland Smith $3.4 million in total compensation in 2009, compared with $5.5 million in 2008. A smaller salary and bonus in 2009 and stock/option awards in 2008 were the main reasons for the drop.

Smith’s total comp for 2009 included a salary of $1.15 million (down from $1 million in 2008), bonus of $351,900 (down from $500,000 in 2008), no stock awards (compared with $676,000 in 2008), no option awards (compared $3.3 million in 2008) and $1.7 million in non-equity incentive plan compensation (compared with none in 2008).

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