WEN/TRY - On Saving $60 Million...

On May 12, 2008, a letter from Roland Smith was distributed to all Wendy's employees and franchisees and posted on Wendy's internal portal.

The $60 million in synergy saving was not mentioned but, he did say: There will be job cuts at Wendy's. I don't know how to put it any other way and say that I am acting with integrity. We will continue to be truthful with you about these as they come up and as we look at the plan for organizing our company as we go forward.

This is the hard part about trying to not look like the bad guy from the south.....