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Wendy's

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This article is part of the Tobacco portal on Sourcewatch funded from 2006 - 2009 by the American Legacy Foundation. Help expose the truth about the tobacco industry.

Wendy's International is in the fast food hamburger business. About 6,700 Wendy's Old Fashioned Hamburger eateries are in the U.S. and about 20 other countries. It is behind McDonald's and Burger King in the number of locations.[1] Wendy's International also owns Baja Fresh Mexican Grill and has investments in Tim Hortons, Cafe Express and Pasta Pomodoro.[2]

Contents

History

Dave Thomas started the first Wendy's in 1969 in Columbus, Ohio. [3]

Political contributions

Wendy's gave $147,500 to federal candidates in the 2005/2006 election period through its political action committee - 14% to Democrats, 84% to Republicans, and 2% to other parties. [4]

Wendy's and tobacco

  • In April, 1997, Wendy's stockholders rejected a shareholder proposal to make the chain smoke-free.[5]
  • Wendy's finally adopted a smoke-free policy in 2001, announcing the policy only after shareholders agreed to withdraw resolutions making such requests.[6]

Personnel

Key executives and 2006 pay: [7]          Options
exercised
Kerrii B. Anderson, Chief Executive Officer    $2,620,000    $2,630,000
Paul D. House, Chief Executive Officer of Tim Hortons    $0    N/A
Leon M. McCorkle, Jr., Executive Vice President, General Counsel and Secretary    $969,000    $2,480,000
Jonathan F. Catherwood, Executive Vice President of Mergers[8]    $1,278,203    $1,402,913
Brendan P. Foley, Jr., Principal Accounting Officer    $363,000    $122,000

Selected board members:[9]

  • Thomas F. Keller, R.J. Reynolds Professor Emeritus of Business Administration and Dean Emeritus, Fuqua School of Business, Duke University
  • David P. Lauer, Retired President and Chief Operating Officer, Bank One
  • John R. Thompson, Senior Vice President and General Manager, BestBuy.com

Contact details

288 West Dublin-Granville Road
Dublin, OH 43017
Phone: 614-764-3100
Fax: 614-764-3330
Web: http://www.wendys.com

Articles & sources

SourceWatch articles

References

  1. Profile, Hoovers, accessed July 2007.
  2. About, Wendy's, accessed July 2007.
  3. The Wendy's Story, Wendy's, accessed July 2007.
  4. 2006 PAC Summary Data, Open Secrets, accessed July 2007.
  5. Wendy's email letter conveying information about the shareholder vote, Phillips M., May 2, 1997, R.J. Reynolds collection, Bates No.528752746/2747
  6. 03TIS_REVIEW.DOC, email attachment, April 8, 2003, Philip Morris collection, Bates No. 5001008656/8683, at pp -8660
  7. Wendy's Key Executives, Yahoo Finance, accessed December 2007.
  8. Jonathan F Catherwood, Forbes, accessed December 2007.
  9. Board of Directors, Wendy's, accessed July 2007.

External resources

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