Nelson Peltz

Peltz made the decision to become a ski instructor in Oregon after dropping out of Wharton School in 1963. However, he ended in driving a delivery vehicle for A. Peltz & Sons, a wholesale food distribution company founded by his father in 1896 which was a fresh produce delivery company and Snow Crop brand frozen food to restaurants in New York.Peltz's father gave him free rein with the company, and over the next 15 years he and his older brother, Robert B. Peltz, increased the size of the company, gradually changing the focus of the company from produce to commercial frozen foods.Over the next decade, Peltz bought up several food-related companies. In 1973, he and his brother along with Peltz's business associate, Peter May, who joined Peltz in 1972, decided to take their business, at the time called Flagstaff Corp., with $150 million in revenue publicly traded. Peltz sold Flagstaff's Foodservice Division to investors in 1979. Peltz was asked by the lender to pay back the loan. The company that provided food services failed two years afterward. Within a year, the loans were repaid in the course of Peltz was able to rebuild the business.In the 1980s, Peltz and his business partner, Peter May, who had joined Flagstaff as its chief financial officer after serving as the company's accountant, began seeking new acquisitions. In April 1983, the two bought an interest in the vending machine and wire company Triangle Industries Inc. with the intention of using it to make acquisitions, building it into a Fortune 100 industrial company and the biggest packaging company worldwide. In 1988, Triangle was sold by Pechiney