The Clap
McDonald’s shareholders are set to meet today to vote on the allegations by activist investor Carl Icahn.
Backstory
Icahn previously criticized McDonald’s for its handling of pregnant pigs, which were put in extremely small metal crates. McDonald’s had promised to stop this practice but didn’t live up to its deadline.
The deets
McDonald’s said it pushed back the deadline due to the pandemic According to the Wall Street Journal, early voting signs show a McDonald’s win.
Why this matters
The fast-food giant’s costs would rise if it decides to give up this practice, & rising costs mean rising prices for consumers. In the current high-inflation period, McDonald’s finds itself in a tough position.
