Heinz board rejects Peltz slate

05/25/2006 | NYTimes.com

The H. J. Heinz Co. board of directors on Wednesday rejected a slate of board candidates proposed by activist investor Nelson Peltz "based on his poor corporate governance record." The board also found the candidates Peltz wanted on the board, which included himself, did not meet certain company standards because they were all employees or close associates of Peltz's.

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