"Dave was our patriarch, a great, big lovable man, " Schuessler said in a statement.

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Schuessler, the chain earlier this month bewailed disappointing same-store sales at its U.S. restaurants during the quarter.

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It took nearly four decades for witnesses to come forward in the infamous Schuessler-Peterson murders in Chicago.

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"In 18 months we did a number of initiatives that would have taken us four to five years to get done on our own, " says Wendy's chief executive, John (Jack) Schuessler.

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On Friday, Schuessler wagered on just how sanguine the coffee-and-doughnut chain is: The Wendy's board OK'd a plan to sell 15% to 18% of the Tim Hortons arm in an initial public offering.

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Jack Schuessler , a 25-year veteran of the company who has spent much of the last decade in senior management positions, has been president since March 2000 and was named chairman of the board last May.

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