Shareholder-led campaign to "VOTE NO ON PELTZ" touches down in major financial outlets Bloomberg, Financial Times ahead of Wednesday’s big shareholder vote

As we head into the homestretch ahead of the major Wendy’s shareholder vote this week, the story of Wendy’s failure to listen to its shareholders about farmworkers' human rights is becoming the talk of the financial world!

In the Bloomberg clip above, Eli Kasargod-Staub, co-founder of the leading nonprofit shareholder advocacy organization Majority Action, breaks it down: 

“Particularly around worker safety, we’re unfortunately seeing a level pushback from a couple of corporate boards that have really been resisting shareholder efforts to engage and get better disclosures around how those companies are managing worker safety and workplace-related risks…

We’re seeing it at Wendy’s, where the company has refused to disclose information about how they oversee human rights risks in their supply chain, even after 95% of their shareholders voted in favor of a proposal for that last year. So we are seeing shareholders start to step out and say, ‘Hey, it might now be time to hold these boards accountable.’

On Monday, the campaign was prominently featured in the widely circulated “Moral Money” column of the Financial Times and excerpted here:

Food fight: Wendy’s, Nelson Peltz face fire on pigs and tomatoes 

A fight over food companies’ welfare practices — for those with two legs and four — has engulfed billionaire activist investors Nelson Peltz and Carl Icahn. The outcome will be determined by shareholders in the days ahead.

Following a shareholder vote at Wendy’s last year pressuring the company to disclose more information about the tomato farmers it contracts and the potential for human slavery, New York City pension funds have said they will vote against Peltz as the company’s chair at its annual meeting on Wednesday.

The board has “failed to adequately respond to a majority-supported shareholder proposal filed in 2021 concerning worker protections in the food supply chain,” New York City comptroller Brad Lander said in a statement to Moral Money.

The Wendy’s 2021 petition won 95 per cent of shareholder support, and the company did report more information later in the year. But farmworker advocates wanted Wendy’s to go further, prompting a campaign to vote against Peltz, the head of asset manager Trian Partners.


The outcome of this week’s vote at Wendy’s will give a sign of how seriously other investors are taking these issues.

The Financial Times also noted the critical boost that the campaign received when Glass Lewis—a leading proxy vote advisor service, which makes influential recommendations on how shareholders should vote in corporate board elections—issued its own recommendation that shareholders vote NO on Nelson Peltz for Wendy’s Board Chair. 

Later this week, we'll be sharing a photo and video recap of our major "Vote No" action outside Trian Partners' New York City office. Stay tuned here for that and all the latest developments leading up to the vote! 





BIG DEVELOPMENT! New York City Retirement Systems cast vote AGAINST Wendy’s Board Chair Nelson Peltz; PLUS, rally and street theater today in NYC!

May 12, 2022

  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 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, 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. […]

VICTORY! After years-long student campaign, Wendy’s will no longer have a home at Florida Atlantic University…

May 3, 2022

Florida Atlantic University (FAU) Student/Farmworker Alliance: “About a week after the action in Palm Beach, a few SFA members at FAU confirmed with a Chartwells representative, our food service provider, that Wendy’s will not return to the Boca Raton campus. The news caused major excitement, especially because generations of students have organized to make this a reality.” We’ve had quite the run of exciting campaign updates in the last few weeks here on the Wendy’s Boycott front, from last month’s unforgettable March to End Modern Slavery in the Fields to the new shareholder-led “Vote No” initiative making waves in the […]

The Guardian: “Why Wendy’s is the source of unrest among US farm workers”…

April 29, 2022

Excellent new article in The Guardian highlights Wendy’s abject failure to commit to the Fair Food Program even “as several cases of what has been called modern day slavery on farms show the need for corporations to end these abuses”…  Cruz Salucio, CIW: “Farmworkers across the country and outside of the Fair Food Program continue to be vulnerable to many abuses including heat stress, physical violence and health and safety risks. Without enforcement and monitoring, these abuses will continue to flourish.” Eli Kasargod-Staub, Majority Action: “Wendy’s is very much an outlier among its peers in terms of how they engage […]

The fight for boardroom accountability at Wendy’s hits the financial press…

April 27, 2022

Majority Action, Investor Advocates for Social Justice issue press release announcing new initiative to urge Wendy’s shareholders to vote against Board Chair Nelson Peltz and three other Directors: “Shareholder advocates are alarmed by the lack of independent oversight on Wendy’s board of directors given the overwhelming influence of Nelson Peltz’s Trian Partners…” Eli Kasargod-Staub, Majority Action: “Long-term investors expect boards to respond comprehensively to shareholder proposals receiving majority votes. We urge shareholders to hold Wendy’s board leadership accountable for these lapses in responsible governance.” Gina Falada, IASJ: “The Board is putting the Company, its investors, and farmworkers at risk by relying […]

When leaders stop listening to those who elected them, it’s time to change leaders…

April 21, 2022

Shareholders demand Board accountability, mobilize to vote NO on retaining four top Wendy’s Board members — Nelson Peltz, Peter May, Matthew Peltz, and Peter Rothschild — at Wendy’s annual meeting next month! Corporate accountability pioneer Majority Action, together with faith-based shareholder leader Investor Advocates for Social Justice, officially roll out “Vote NO” campaign: “Wendy’s failed to adequately respond to a majority vote shareholder resolution on the protection of workers in its food supply chain” “Directors with current and former links to Trian dominate board membership, limiting independent board oversight.” “Additional independent oversight and board refreshment is required to address governance concerns and […]

SAVE THE DATE: Rally & Street Theater in NYC, May 12!

April 18, 2022

It’s only been two short weeks since over 800 farmworkers and consumers took to the streets of Palm Beach to demand Wendy’s join the Fair Food Program, and the Fair Food Nation is already back in action, mobilizing allies in the New York City area to turn up the heat on the hamburger giant!!  On May 12, just ahead of Wendy’s annual shareholder meeting, the CIW will be bringing its urgent call for long-overdue human rights for farmworkers to Midtown Manhattan, staging a lively rally and street theater performance outside the headquarter offices of Trian Partners, Wendy’s largest institutional shareholder. Make your […]

Media-round up #2! March to End Modern Slavery makes headlines across the country…

April 12, 2022

Rev. Sekinah Hamlin, UCC: “We also know that before U.S. Customs and Border Protection put a hold on tomatoes from some Mexican farms, Mastronardi, a supplier for Wendy’s, purchased and imported some of the ill-gotten tomatoes. Yet, Wendy’s will not give any definitive statement that these tomatoes did not make it to their stores. The Fair Food Program would put a stop to such secrecy. We will not stop until Peltz and Wendy’s do the moral thing and join like the other major fast-food chains…” WLRN, South Florida’s NPR station: “Wendy’s could bring their food operations into the Fair Food […]

VIDEO AND PHOTO REPORT: March to End Slavery in the Fields!

April 6, 2022

Tomas Terraza, farmworker, Homestead (Palm Beach Post): “It’s about justice. We’re fighting for our basic rights in the fields, in construction, in roofing, in many different jobs”… Rev. Kim Robles, Miami Shores Presbyterian Church (Palm Beach Post): “We’re coming because we believe that Jesus was one that always stood with the oppressed and marginalized and it’s our call to do the same,” she said. “I would like to see the entire industry change so we don’t have any more abuses in the fields.” Archbishop Thomas Wenski (NBC-5): “Of course, farmworkers are essential workers…  They give an honest day’s work, they want […]

800+ marchers take to the streets of Palm Beach calling on Wendy’s to join the Fair Food Program!

April 3, 2022

Fast Company:  “If you get a burger from McDonald’s, a sandwich from Subway, or a taco from Taco Bell, you can be assured that the tomatoes on top were picked without forced labor or human rights violations; all have partnered with the Fair Food Program. But one notable fast-food chain has not: Wendy’s…” Like a levee finally giving way to surging flood waters too long denied their path, the COVID-19 pandemic finally, after two, long years, gave way yesterday to hundreds of farmworkers from Immokalee and their Fair Food allies calling on Wendy’s to join the Fair Food Program. For […]

FL United Methodist Church Bishop pens powerful letter to Wendy’s Board Chair ahead of major march this weekend!

March 31, 2022

Bishop Kenneth Carter of the Florida Conference of the United Methodist Church to Wendy’s Board Chair Nelson Peltz: “I have listened to and seen first-hand the work of CIW… I will be praying for you and the corporate leaders of Wendy’s, as you consider an action that would be greatly beneficial to those who do essential labor in our society…”  Meanwhile, farmworkers in Immokalee spend the week mass producing banners, flags and theater props for hundreds of participants set to join this Saturday’s March to End Modern Slavery in the Fields…  Have you registered yet? With just two days left until farmworkers […]