Wendy’s chairman and largest shareholder, billionaire Nelson Peltz, billed the fast-food giant about $600,000 in “security-related costs” last year, according to securities filings.
In a disclosure that didn’t get much attention last spring, Wendy’s As stated in the power of attorney on page 116 The board approved a $596,467 refund that Peltz claimed from an “independent professional security consulting firm,” according to a filing with the Securities and Exchange Commission.
Blackwells Capital, a Disney shareholder, In X, it is called “Future of Disney”wrote on the platform on Thursday. Is this how Mr. Peltz intends to act on behalf of @Disney shareholders?”
The post follows Peltz’s recent mandate at Disney, where he and former Disney executive Jay Laszlo are seeking board seats to replace him and Disney board members Michael Froman and Maria Elena Lagomasino. criticized the campaign.
Mr. Peltz’s investment firm, Trian Fund Management, owns about 19.35% of Wendy’s, according to regulatory filings.
A representative for Mr. Peltz at Tryon declined to comment.
The newspaper also contacted Wendy’s for comment.
Mr. Peltz has been pressuring Disney to make its streaming business as profitable as Netflix, boost box office success for its movies and strengthen EPSN as a digital platform.
Mouse House boss Bob Iger is pushing back, placing big bets on Taylor Swift, video games and football. It claims the investment will drive “significant growth” as the entertainment giant struggles to recover from years of lackluster performance.
The move means Disney will pay $1.5 billion to Epic Games in exchange for company stock, giving Disney an opportunity to invest in the company’s video game portfolio, including Fortnite, which boasts more than 100 million monthly active users. ) can be accessed. The Wall Street Journal reported.
Disney also revealed plans to shore up its struggling sports division with the long-awaited launch of streaming on its flagship sports network, ESPN. It will be bundled with Disney+ and Hulu, and will integrate features such as ESPN Bet, fantasy sports, and e-commerce.
Iger said last week that the venture is expected to launch in August 2025.
Mr. Peltz blasted the investment plan in a letter sent to the entertainment media giant’s shareholders on Monday, calling it a “spaghetti plan against the wall.”
“Disney shareholders need the company to consistently perform under strict board oversight. That’s the secret to good food.” He has been at odds with Disney for more than a year. Tryon wrote.
Mr. Peltz’s Trian Fund Management is Disney’s largest active shareholder, owning $3 billion in common stock in the troubled company.
Disney has set a stockholder meeting for April 3rd at which investors will decide who will lead the company’s future.
Iger’s current contract includes a hefty paycheck that totaled $31.6 million last year and runs through 2026.
Peltz and Paslo noted that Iger has consistently delayed his retirement date and returned to management after firing former CEO Bob Chapek in 2022, adding that he has “ultimately achieved a successful CEO succession. I want to,” he said.
