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Big investor still has a beef with Wendy’s

wsj

3 min read . Updated: 01 Mar 2023, 10:06 PM IST The Wall Street Journal

FILE - A sign stands over a Wendy's restaurant on Feb. 25, 2021, in Des Moines, Iowa. Wendy’s said Friday, Jan. 13, 2023, (AP Photo/Charlie Neibergall, File) (AP) — FILE - A sign stands over a Wendy's restaurant on Feb. 25, 2021, in Des Moines, Iowa. Wendy’s said Friday, Jan. 13, 2023, (AP Photo/Charlie Neibergall, File) (AP)

Boosting cash returns assuaged activist Trian, but digital sales and growth lag behind fast-food rivals.

While grabbing headlines at the moment for his pressure on Walt Disney, activist investor Nelson Peltz has held far more sway for far longer at burger chain Wendy’s.