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Reuters: Triarc Cos Inc., parent company of the Arby's concept, said its chairman and chief executive, activist investor Nelson Peltz, will receive $50 million when he steps down in June as part of the company's plan to focus on its Arby's fast-food business.

Peltz will resign as an executive of Triarc but will remain on the company's board of directors, the company said in a statement. Peter May, Triarc's president and chief operating officer, will receive a payout of $25 million and also will stay on the board.

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