Over treatment of pigs, Billionaire Carl Icahn targets McDonald’s
Billionaire capitalist Carl Icahn on Sunday nominated 2 people to McDonald’s board in an effort to begin to vary the company’s policies in terms of however it treats pigs used for its pork provide.
Icahn’s nominees were Leslie Samuelrich, the president of inexperienced Century Capital Management, and Maisie Ganzler, who is Bon Appétit Management Company’s chief strategy and whole officer, McDonald’s same during a statement on Sunday.
McDonald’s also same that Icahn’s “stated focus in creating this nomination relates to a slender issue relating to the Company’s pork commitment.”
A decade past, McDonald’s committed to stopping the employment of gestation stalls, that square measure tiny crates that house pregnant pigs, by this year.
But that promise remains unrealized, and on Sunday, the fast-food large same that it expects eighty five to ninety p.c of its U.S. pork to be sourced from pigs not housed within the stalls thanks to “industry-wide challenges for farmers and producers.”
The company same Icahn has demanded that they “move to ‘crate free’ pork and set specific timeframes for doing thus.”
“While the corporate appearance forward to promoting more collaboration across the business on this issue, this pork provide within the U.S. would create this kind of commitment not possible,” McDonald’s same in its statement.
Overall, Icahn’s stake in McDonald’s is fairly tiny, concerning two hundred shares, the corporate same. That investment would be love a few $25,000 stake within the $187 billion company, in step with The Washington Post.