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Carl Icahn Launches Proxy War With McDonald’s Over Pig Treatment


Carl Icahn speaks at Delivering Alpha in New York on September 13, 2016.

David A. Grogan | CNBC

Billionaire investor Carl Icahn started the proxy war with McDonald’s about the fast food giant’s treatment of pigs, promoting two board seats of the global fast food giant.

McDonald’s said Sunday in a release that Icahn nominated Leslie Samuelrich and Maisie Ganzler to run at the company’s 2022 annual shareholder meeting.

McDonald’s said: “Mr Icahn’s stated focus in making this nomination related to a narrow issue related to the company’s pork commitment, which the Humane Society of the United States made through the proposal. of shareholders,” McDonald’s said.

Icahn, who helped define the new era of capitalism in the 1980s after taking over iconic companies including Airlines across the worldpushed McDonald’s to treat pigs better In recent years, according to The Wall Street Journal. In particular, he is said to have called for an end to the industry that uses crates to confine pregnant pigs so that they cannot move.

“Animals are one of the things I feel really emotional about,” Icahn previously told The Journal.

According to the release, the corporate attacker asked McDonald’s to require all US suppliers to switch to “barrel-free” pork. The fast food chain uses pork in bacon sandwiches, breakfast items, and McRib sandwiches.

“While the Company looks forward to fostering further industry-wide cooperation on this issue, the current pork supply in the United States would make this type of commitment untenable,” McDonald’s said. “Moreover, it reflects a departure from the veterinary science used for large-scale production across the industry and would compromise the Company’s overall goal of providing customers with quality products. high quality at the right price.”

Icahn owns only 200 shares of McDonald’s, according to the statement. He is also the majority owner of a company that supplies packaging to the pork and poultry industries, which according to McDonald’s, has questioned why Icahn has not called on that company to make similar commitments. on one’s own.

Shares of McDonald’s closed Friday down slightly at $250.60.



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