The Clap
McDonald’s shareholders voted to keep the current board structure as is, dismissing Carl Icahn’s calls for animal well-being.
The deets
Icahn only owns about 200 McDonald’s shares, which were not nearly enough to persuade other shareholders to vote in his favor. Icahn received only 1% of the votes of total outstanding shares.
Why this matters
Icahn is a renowned activist investor, meaning he owns shares in companies with the intention of putting pressure on management because of their environmental, social & governing (ESG) practices. He’s also waging a similar fight on U.S. supermarket chain “Kroger”.
