Carl Icahn launches proxy fight with McDonald's over treatment of pigs – CNBC

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.David A. Grogan | CNBCBillionaire investor Carl Icahn has started a proxy fight with McDonald’s over the fast food giant’s treatment of pigs, pushing for two board seats at the global fast food giant.McDonald’s said Sunday in a release that Icahn has nominated Leslie Samuelrich and Maisie Ganzler for election at the company’s 2022 annual shareholder meeting.”Mr. Icahn’s stated focus in making this nomination relates to a narrow issue regarding the company’s pork commitment, which the Humane Society U.S. has already introduced through a shareholder proposal,” McDonald’s said.Icahn, who helped define a new era of capitalism in the 1980s after taking over iconic companies including Trans World Airlines, has pushed McDonald’s for better treatment of pigs in recent years, according to The Wall Street Journal. Specifically, he is said to have called for the end of an industry practice that uses crates to house pregnant pigs so they can’t move.”Animals are one of the things I feel really emotional about,” Icahn previously told The Journal.The corporate raider has demanded that McDonald’s require all its U.S. suppliers move to “crate-free” pork, according to the release. The fast food chain uses pork in…
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