From Wikipedia, the free encyclopedia
Nelson Peltz is an American businessman and a billionaire. He is a
board director of Wendy's/Arby's Group, the
franchise parent of Arby's,
TJ Cinnamon, Pasta Connection and Wendy's. Peltz is the former owner of Snapple.
Biography
Peltz, a native of Brooklyn, New
York, was enrolled at the undergraduate program at the Wharton School of the University of Pennsylvania,
but never completed his degree. He dropped out to work for his
family's business selling food to restaurants in New York.
He resides in Mt. Kisco, New
York. He also owns a house in Paris, France, and
Montsorrel (or "Mountain of Sorrow"), which is his house in Palm Beach,
Florida previously owned by Anita Young, the sister of Georgia
O'Keeffe. According to Forbes, it is one of the most expensive
homes in the United States.
In 2005, Peltz was among 53 entities that contributed the
maximum of $250,000 to the second inauguration of President George W.
Bush.[1] [2] [3]
Business
career
Heinz proxy
fight
In 2006 he was involved in a proxy fight with Heinz
to get five members of his company Triarc on the board of Heinz. In
the end he succeeded in getting two members on the board.
Corporate
acquisitions
In 2007 he bought a 3% share of Cadbury-Schweppes
which may have influenced the spin-off of Cadbury Schweppes Americas
Beverages from the Cadbury Schweppes confectionary group.
In 2007, he also bought $1.8 billion in shares of Kraft Foods, roughly a
3% of the total equity of the food maker.[4]
On Thursday, April 24, 2008 it was announced that Triarc Cos.
would merge with burger chain Wendy's. The merger was completed on Sept. 29,
2008. The new company is named Wendy's Arby's Group and trades on
the New York Stock Exchange under the symbol WEN. The new company
consists mainly of Wendy's and Arby's QSR chain restaurants.
Curriculum
vitae
Personal
Finance
His current net worth is estimated at $1.05 billion[5]. Peltz
resides at an oceanside mansion in Palm Beach, Florida[6].
References
External
links
Wikis
Quiz
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