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Billionaire Nelson Peltz charged Wendy's burger chain $600K for security services: filing
WENWendy’s(WEN) New York Post·2024-02-15 20:37

Billionaire Nelson Peltz, who is Wendy’s chairman and its largest shareholder, charged the fast-food giant nearly 600,000in“security−relatedexpenses”lastyear,accordingsecuritiesfilings.Inalittle−noticeddisclosurelastspring,Wendy’snotedina116−pageproxystatementthattheboardofdirectorsapprovedreimbursementtoPeltzforthe600,000 in “security-related expenses” last year, according securities filings.In a little-noticed disclosure last spring, Wendy’s noted in a 116-page proxy statement that the board of directors approved reimbursement to Peltz for the 596,467 that the hard-charging investor billed for his “independent professional security consulting firm,” according to Securities and Exchange Commission filin ...