ETF News

Carl Icahn Pushes Recommends Two McDonald’s Directors

0

Activist investor Carl Icahn has nominated two directors to occupy board seats at fast-food giant McDonald’s Corp., WSJ reported.

McDonald’s confirmed in a statement that Icahn nominated two directors, and reported that its board would take a look into his nominees identified as sustainability investor Leslie Samuelrich, and Bon Appétit Executive Maisie Ganzler.

Icahn owns some 200 shares worth $50,000 in McDonald’s and has been pushing the company to mandate suppliers to change the treatment of their pigs used for pork products served to customers.

Icahn has been in talks with McDonald’s, and the Humane Society of the United States for weeks, with issues concerning the fast food’s supposed use of small cages to restrain pregnant pigs.

Both Icahn and the Humane Society are claiming that McDonald’s failed to adhere to its 2012 commitment to stop buying pork from producers who use gestation crates, with the firm saying over 60% of its US pork comes from confirmed pregnant sows.

McDonald’s expects confirmed pregnant sows to account for 85% to 90% of its pork by the end of 2021. MCD was down 0.08% after hours.

 

Crypto Charting Tools: Top 5 to Find & Trade Perfectly

Previous article

Happy Breakout Review: Is It a Reliable ATS?

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in ETF News