EXHIBIT 24



                                POWER OF ATTORNEY

         Know all by these presents, that the undersigned hereby constitutes and
appoints each of Brian L. Schorr and Stuart I. Rosen, signing singly, the
undersigned's true and lawful attorney-in-fact to:

         (1) complete and execute for and on behalf of the undersigned, in the
         undersigned's capacity as (i) an officer, (ii) a director, and/or (iii)
         a 10% shareholder of Triarc Companies, Inc. (the "Company"), Forms 3,
         4, and 5 in accordance with Section 16(a) of the Securities Exchange
         Act of 1934 and the rules thereunder; and

         (2) do and perform any and all acts for and on behalf of the
         undersigned which may be necessary or desirable to complete and execute
         any such Form 3, 4 or 5, complete and execute any amendment or
         amendments thereto, and timely file such form with the United States
         Securities and Exchange Commission and any stock exchange or similar
         authority.

         The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934 ("Section 16"). The undersigned hereby agrees on behalf of
the undersigned and the undersigned's heirs, executors, legal representatives
and assigns to indemnify, defend and hold each of the foregoing
attorneys-in-fact harmless from and against any and all claims that may arise
against such attorney-in-fact by reason of any violation by the undersigned of
the undersigned's responsibilities under Section 16 or any other claim relating
to any action taken by such attorney-in-fact pursuant to this Power of Attorney.

         This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.

         IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 4th day of March, 2004.

                                                    /s/ Peter W. May
                                                    ------------------------
                                                    Name:  Peter W. May