Ketchup can often be a messy business. This month’s clash for control of Heinz Co. was no different.
All summer long, corporate governance activists have watched the $8.6 billion food giant wage a vicious proxy fight against the Trian Group, a hedge fund headed up by financiers Nelson Peltz and Peter May. The battle reached its zenith on Aug. 16, as shareholders voted on whether to elect any of Trian’s five nominees for the board of directors.
