Shareholders have re-elected all of McDonald’s administrators, the enterprise reported on Thursday, ending a boardroom battle with billionaire trader Carl Icahn who had sought to acquire two board seats and shine a spotlight on his marketing campaign over animal welfare.
Preliminary tallies confirmed shareholders backed all 12 of McDonald’s directors and that Icahn’s two nominees gained around 1% of the vote, the firm stated.
“McDonald’s shareholders benefit a Board of Administrators with a breadth of encounters to advise the Brand on the multitude of concerns that can effects the business enterprise on a every day foundation,” board chairman Enrique Hernandez, Jr. stated in a assertion.
Icahn, who has manufactured a occupation out of pushing inadequate-carrying out companies to strengthen, owns about $50,000 worthy of of McDonald’s inventory, and nominated two candidates to push the business to make excellent on a ten years-aged promise to prevent shopping for pork by the conclude of this 12 months from suppliers that dwelling the animals in crates.
He has explained confining the pigs in crates throughout their pregnancy is inhumane and sought to shine a spotlight on the practice additional broadly.
McDonald’s claimed on Thursday that it is fully commited to remaining a chief on environmental, social and governance initiatives, including animal welfare.
Icahn had appealed to significant index resources that frequently fork out far more awareness to ESG concerns to back him in his bid to earn the board seats, but preliminary tallies showed that BlackRock supported McDonald’s.
A representative for Icahn had no comment.
0 Commentaires