Investor pushes McDonald's to change the way it buys pork

By AP News

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CHICAGO (AP) —

CHICAGO (AP) —

An activist investor is trying to make McDonald's change the way it buys pork for its bacon cheeseburgers and sausage patties.

Investor Carl Icahn has nominated two new candidates for McDonald's board of directors, the fast food chain confirmed Sunday.

The issue Icahn wants to change is that some of McDonald's pork suppliers confine pregnant pigs in small crates. McDonald's vowed a decade ago to phase out using pork from suppliers who use such crates.

The fast food giant said Sunday it expects to source 85 to 90% of its U.S. pork from pigs not housed in gestation crates during pregnancy by the end of this year.

Icahn's nominees will stand for election at McDonald's 2022 annual meeting, the company said.

The move comes as investor-led board shakeups have gathered steam. Last year, several members of Exxon's board of directors were ousted as investors pressured the company to take climate change more seriously.

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Consumer Discretionary

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

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