Thursday, July 27, 2006
The biggest food fight in Corporate America is about to get a lot messier. In less than three weeks, shareholders of Heinz will vote on whether to back the company's current 12-member board and its management or install Nelson Peltz's 5-member slate. As the date has approached, the proxy contest has become more than just a referendum on the company's leadership. It has become a battle of personalities, culture clashes and frequent attempts at mudslinging.