McDonald's said expected to win proxy fight with Carl Icahn

McDonald's said expected to win proxy fight with Carl Icahn

May 25, 2022 by Seeking Alpha

Key Facts

  • Brandon Bell/Getty Images News McDonald's (NYSE:MCD) is said expected to win a proxy fight with activist Carl Icahn that started over his claims over the fast food chain's treatment of pregnant pigs.
  • McDonald's (MCD) appears to have retained two board seats that Icahn was challenging with two board candidates, according to a WSJ report, citing early vote tallies ahead of Thursday's annual meeting.
  • Icahn began his fight with McDonald's (MCD) in February in when he nominated two board members in a dispute with the company over its treatment of pigs.
  • Icahn urged McDonald's to stop using pork that is sourced from gestation crates, something that he first brought up with the fast food giant around 2012.

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