Stock Groups

Billionaire investor Icahn nominates two members to McDonald’s board -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: This is the McDonald’s logo outside McDonald’s New York. It was taken on Tuesday, 22 October 2019. REUTERS/Shannon Stapleton/File Photo

(Reuters] McDonald’s Corp Sunday announced that Carl Icahn, the company’s chief executive officer, has appointed two new members to its board.

A billionaire activist investor stated that he owns 200 shares in the company. He nominated Leslie Samuelrich, Maisie Ganzler, and other nominees to run for office at the 2022 annual meetings, the company claimed in a statement. They also said that they are addressing a specific issue related to pork.

Icahn demanded new McDonald’s (NYSE) commitments. This included a requirement that all U.S. pork suppliers move to “crate-free” pork and a timeframe.

McDonald’s said that, “While McDonald’s looks forward to working with the entire industry in this area,” they added.

McDonald’s claimed that it sources less than 1% of the U.S. pork and doesn’t own sows or make or package pork in America.

According to the company, 85% to 90% of U.S. pork volume will come from sows that were not placed in gestational crates in the course of pregnancy. It also stated that 100% of U.S. bacon would be sourced from sows that are housed together during pregnancy in the year 2024.

Icahn is a Wall Street corporate raider and was involved in a proxy fight with Southwest Gas Holdings Inc (NYSE:) in November 2013.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damage arising from the use of this information, including chart data and signals to buy/sell, contained on this site. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]