Shareholders reelect directors of McDonald
Saturday, 28 May 2022
BOSTON, May 27 (Reuters): Shareholders have reelected all of McDonald's Corp's directors, the company said on Thursday, ending a boardroom battle with billionaire investor Carl Icahn who had sought to win two board seats and shine a spotlight on his campaign over animal welfare.
Preliminary tallies showed shareholders backed all 12 of McDonald's directors and that Icahn's two nominees received approximately 1 per cent of the vote, the company said.
"McDonald's shareholders value a Board of Directors with a breadth of experiences to advise the Brand on the multitude of issues that can impact the business on a daily basis," board chairman Enrique Hernandez, Jr. said in a statement.
Icahn, who has made a career out of pushing poor-performing companies to improve, owns roughly $50,000 worth of McDonald's stock, and nominated two candidates to push the company to make good on a decade-old promise to stop buying pork by the end of this year from suppliers that house the animals in crates.