Hedge Fund’s Control Over Wendy’s Goes Deep as Fast Food Chain Snubs Farmworkers (Eyes on the Ties) The Coalition of Immokalee Workers (CIW) has waged a long campaign calling on Wendy’s to join the Fair Food Program. That campaign is now gaining more momentum – receiving more press coverage, for instance – as organizers continue to try to convince Wendy’s board to have the company join the program. It makes sense to focus on Wendy’s board, because this is where power over the company lies. As we discuss below, Wendy’s board is effectively controlled by the hedge fund Trian Partners and its billionaire CEO Nelson Peltz. Trian is the largest institutional shareholder in Wendy’s – and its influence on Wendy’s board goes perhaps even deeper than we initially documented in our past work on Trian and Wendy’s.