{"id":31842,"date":"2022-05-26T20:09:03","date_gmt":"2022-05-26T20:09:03","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/05\/26\/mcdonalds-defeats-carl-icahn-in-vote-over-pigs\/"},"modified":"2022-05-26T20:09:03","modified_gmt":"2022-05-26T20:09:03","slug":"mcdonalds-defeats-carl-icahn-in-vote-over-pigs","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/05\/26\/mcdonalds-defeats-carl-icahn-in-vote-over-pigs\/","title":{"rendered":"McDonald’s defeats Carl Icahn in vote over pigs"},"content":{"rendered":"
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Billionaire Carl Icahn, who had hoped to shake up McDonald’s board to improve treatment of pregnant pigs, was defeated in a vote.<\/b><\/p>\n<\/div>\n

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Only 1% of shareholders voted for the nominees proposed by Mr. Icahn, an investor in the company.<\/p>\n<\/div>\n

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McDonald’s had fought Mr Icahn’s claims, saying they were unreasonable.<\/p>\n<\/div>\n

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The billionaire said he was persuaded to take on McDonald’s by his daughter, an animal lover who worked for the Humane Society.<\/p>\n<\/div>\n

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Activist investors like Mr. Icahn — one of a few feared corporate predators said to be the inspiration for Gordon Gekko in the 1987 film Wall Street — typically focus their efforts on companies they believe need restructuring.<\/p>\n<\/div>\n

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But in a public letter last month, the 86-year-old wrote: “At this point in my career, I consider it my responsibility to engage constructively to help right glaring injustices perpetrated by many ineffective boards and management teams in the industry.” America’s top public corporations are maintained.”<\/p>\n<\/div>\n

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Mr. Icahn bought about $50,000 worth of stock, urging the company to honor its 2012 promise, among other things, to stop ordering pork from suppliers who put pregnant pigs in small boxes. <\/p>\n<\/div>\n

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McDonald’s has said it has been pushing the industry to change since its 2012 pledge. The company expects to source 85% to 90% of its pork from these suppliers by the end of the year, and by 2024, all of the pork it buys will come from these suppliers.<\/p>\n<\/div>\n

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It urged shareholders in a letter earlier this month to reject its nominees.<\/p>\n<\/div>\n

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“Mr. Icahn is using a narrow issue and one on which we have shown industry-leading progress – McDonald’s 2012 pork commitment – as a reason to change the way McDonald’s sources pork in the US and the number of meat-based products on ours Reduce menu,\u201d the company announced.<\/p>\n<\/div>\n

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A change would entail “unacceptable financial burdens for our customers”.<\/p>\n<\/div>\n

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The results of the vote were preliminary and awaited a final count. The company did not share the outcome of votes on other shareholder proposals, such as one seeking a racial justice check.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Billionaire Carl Icahn, who had hoped to shake up McDonald’s board to improve treatment of pregnant pigs, was defeated in a vote. Only 1% of shareholders voted for the nominees proposed by Mr. Icahn, an investor in the company. McDonald’s had fought Mr Icahn’s claims, saying they were unreasonable. The billionaire said he was persuaded […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-31842","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"\nMcDonald's defeats Carl Icahn in vote over pigs - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/05\/26\/mcdonalds-defeats-carl-icahn-in-vote-over-pigs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McDonald's defeats Carl Icahn in vote over pigs\" \/>\n<meta property=\"og:description\" content=\"Billionaire Carl Icahn, who had hoped to shake up McDonald’s board to improve treatment of pregnant pigs, was defeated in a vote. 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