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BIG DEVELOPMENT! New York City Retirement Systems cast vote AGAINST Wendy’s Board Chair Nelson Peltz; Leading proxy voting advisory service Glass Lewis recommends all Wendy’s shareholders do the same
PLUS, TODAY farmworkers will be joined by NYC elected officials and shareholder advocates at a rally to hold Wendy ’s board accountable for its failure to join the award-winning Fair Food Program and address the modern-day slavery crisis in North American agriculture
Support for the VOTE NO campaign [[link removed]] , led by Investor Advocates for Social Justice (IASJ) and Majority Action, has grown tremendously in the run-up to Wendy’s annual meeting later this month.
Late yesterday, we learned about some big news from influential players in the financial community:
*
A
vote
AGAINST
Nelson
Peltz
,
as
well
as
the
other
Wendy’s
board
members
named
by
IASJ
and
Majority
Action,
cast
by
the
New
York
Retirement
Systems,
which
hold
over
$263
billion
in
assets
(as
of
March
2022)
*
A
recommendation
by
leading
proxy
voting
advisory
firm
Glass
Lewis
that
shareholders
vote
AGAINST
Wendy’s
Board
Chair
Nelson
Peltz
to
hold
him
“accountable
for
the
board’s
inaction
on
this
issue”
*
A
recommendation
by
the
AFL-CIO
that
investors
make
voting
against
Nelson
Peltz
a
“key
vote”
priority
for
the
2022
proxy
season
These votes are a massive escalation in the growing wave of support by major investors for a shareholder-led initiative urging votes against Wendy’s Board Chair (and Trian CEO) Nelson Peltz and three other Directors in light of Wendy’s failure to adequately respond [[link removed]] to a 2021 majority vote shareholder resolution on the protection of workers in its food supply chain. The 2021 resolution was supported by over 95% of Wendy’s shareholders [[link removed]] .
This afternoon in Midtown Manhattan, CIW farmworkers will be joined by New York City Comptroller Brad Lander, New York City Councilwoman Carmen de la Rosa, Manhattan Borough President Mark Levine, national shareholder advocates and area supporters for a major rally and street theater performance outside the offices of Trian Partners (280 Park Avenue), Wendy’s largest institutional shareholder.
Join us if you’re in New York City today! [[link removed]]
RSVP for the NYC Rally [[link removed]]
Donate [[link removed]]
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Coalition of Immokalee Workers
110 S 2nd St
Immokalee, FL 34142
United States
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