The Fort Worth Press - Billionaire Icahn steps up campaign against McDonald's pig farm practices

USD -
AED 3.672498
AFN 62.999871
ALL 82.06033
AMD 368.210332
ANG 1.79046
AOA 917.999626
ARS 1398.494498
AUD 1.408967
AWG 1.80225
AZN 1.700265
BAM 1.68319
BBD 2.014527
BDT 122.775311
BGN 1.66992
BHD 0.37725
BIF 2975
BMD 1
BND 1.281294
BOB 6.911598
BRL 5.059801
BSD 1.000207
BTN 96.503322
BWP 13.583201
BYN 2.726365
BYR 19600
BZD 2.011601
CAD 1.375599
CDF 2252.507696
CHF 0.789985
CLF 0.023008
CLP 905.53021
CNY 6.814991
CNH 6.815275
COP 3794.85
CRC 452.511274
CUC 1
CUP 26.5
CVE 95.374996
CZK 20.972802
DJF 177.719992
DKK 6.443302
DOP 58.849948
DZD 132.510767
EGP 53.093099
ERN 15
ETB 156.175858
EUR 0.86223
FJD 2.211044
FKP 0.745062
GBP 0.74675
GEL 2.670254
GGP 0.745062
GHS 11.445014
GIP 0.745062
GMD 72.999725
GNF 8777.494587
GTQ 7.625047
GYD 209.258494
HKD 7.83345
HNL 26.601892
HRK 6.496798
HTG 130.92646
HUF 311.887979
IDR 17711
ILS 2.928935
IMP 0.745062
INR 96.81795
IQD 1310.5
IRR 1320950.000434
ISK 123.649718
JEP 0.745062
JMD 158.241248
JOD 0.709023
JPY 158.943499
KES 129.329947
KGS 87.450396
KHR 4011.500431
KMF 423.999686
KPW 900.049483
KRW 1508.505015
KWD 0.30914
KYD 0.833513
KZT 471.023099
LAK 21950.000281
LBP 89549.999878
LKR 330.512012
LRD 183.274989
LSL 16.700885
LTL 2.95274
LVL 0.60489
LYD 6.359903
MAD 9.224586
MDL 17.303671
MGA 4196.357878
MKD 53.154241
MMK 2099.427985
MNT 3578.349826
MOP 8.069452
MRU 39.98983
MUR 47.249713
MVR 15.393488
MWK 1740.999859
MXN 17.424499
MYR 3.978023
MZN 63.909955
NAD 16.701504
NGN 1372.340219
NIO 36.807704
NOK 9.281505
NPR 154.405487
NZD 1.716897
OMR 0.384502
PAB 1.000207
PEN 3.422764
PGK 4.42356
PHP 61.703006
PKR 278.560536
PLN 3.66824
PYG 6125.724515
QAR 3.645916
RON 4.508703
RSD 101.211024
RUB 71.198762
RWF 1462.799604
SAR 3.752456
SBD 8.032258
SCR 13.044659
SDG 600.502191
SEK 9.41407
SGD 1.28215
SHP 0.746601
SLE 24.604244
SLL 20969.502105
SOS 571.620366
SRD 37.227503
STD 20697.981008
STN 21.085063
SVC 8.751442
SYP 111.458438
SZL 16.701912
THB 32.739503
TJS 9.286861
TMT 3.5
TND 2.927516
TOP 2.40776
TRY 45.5903
TTD 6.780784
TWD 31.687989
TZS 2609.997991
UAH 44.17973
UGX 3771.214155
UYU 40.31911
UZS 12021.721544
VES 517.314498
VND 26330
VUV 118.295117
WST 2.706459
XAF 564.531176
XAG 0.013625
XAU 0.000224
XCD 2.70255
XCG 1.802644
XDR 0.702153
XOF 564.523888
XPF 102.636924
YER 238.650142
ZAR 16.73095
ZMK 9001.196241
ZMW 18.829392
ZWL 321.999592
  • RYCEF

    0.0600

    15.45

    +0.39%

  • CMSC

    -0.1800

    22.8

    -0.79%

  • BCC

    -2.1300

    65.47

    -3.25%

  • GSK

    0.7900

    51.05

    +1.55%

  • CMSD

    -0.2100

    22.75

    -0.92%

  • RBGPF

    0.7200

    63.23

    +1.14%

  • NGG

    0.3100

    84.15

    +0.37%

  • RIO

    -2.4100

    100.92

    -2.39%

  • BTI

    -0.2900

    66.06

    -0.44%

  • BCE

    0.1600

    23.98

    +0.67%

  • JRI

    -0.2300

    12.47

    -1.84%

  • AZN

    0.7200

    184.64

    +0.39%

  • VOD

    0.1500

    15.15

    +0.99%

  • BP

    0.4500

    46.14

    +0.98%

  • RELX

    -0.3800

    33.58

    -1.13%

Billionaire Icahn steps up campaign against McDonald's pig farm practices
Billionaire Icahn steps up campaign against McDonald's pig farm practices

Billionaire Icahn steps up campaign against McDonald's pig farm practices

Billionaire Carl Icahn has nominated two allies to the board of McDonald's, the company confirmed Sunday, part of the activist investor's campaign against pig-farming practices used in the fast-food giant's supply chains.

Text size:

"Carl Icahn has nominated Leslie Samuelrich and Maisie Ganzler for the 2022 election," McDonald's said in a statement, adding that the board would "evaluate the nominees as it would any other candidates proposed to it."

Icahn's "stated focus in making this nomination relates to a narrow issue regarding the Company's pork commitment", it added, in a reference to the use of so-called gestation crates.

According to the Humane Society, the metal enclosures -- used to contain sows for almost all of a pregnancy -- are so small that the animal cannot turn around, and can lead to health issues such as infection or anatomical problems.

Icahn is known for taking stakes in companies to ask for radical measures before reaping huge profits, but he has said animal welfare concerns are behind his intervention.

"I really do feel emotional about these animals and the unnecessary suffering," he told Bloomberg.

He said he had worked with the Humane Society a decade ago on the use of the crates, winning an agreement from McDonald's that it would stop buying from suppliers using the cages within 10 years.

McDonald's "did a little something but never delivered," Icahn said.

But the fast-food giant has said that, since its 2012 commitment, "McDonald's has led the industry, and today an estimated 30–35 percent of US pork production has moved to group housing systems."

"By the end of 2022, the Company expects to source 85 percent to 90 percent of its US pork volumes from sows not housed in gestation crates during pregnancy," it added.

The company noted that Icahn, "who states that he holds 200 shares of McDonald's stock, is the majority owner of Viskase, a company that produces and supplies packaging for the pork and poultry industry."

"It's noteworthy that Mr. Icahn has not publicly called on Viskase to adopt commitments similar to those of McDonald's 2012 commitment."

J.P.Estrada--TFWP