Who's Really Shaking Up Heinz

摘要

Shares of H.J. heinz had been on the skids for years when hedge fund activist Nelson Peltz stepped in, buying a 5.4% stake in the ketchup giant last March. Fresh off his fight at restaurant chain Wendy's International Inc., Peltz, founder of Trian Fund Management, almost immediately launched a nasty proxy battle to oust five directors. When the dust settled, Peltz and an ally, former Snapple Beverage Group CEO Michael F. Weinstein, had muscled their way onto the board.