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

EUR -
AED 4.100273
AFN 78.60757
ALL 98.166966
AMD 432.286638
ANG 1.997847
AOA 1023.661719
ARS 1274.492205
AUD 1.739351
AWG 2.012159
AZN 1.902168
BAM 1.95574
BBD 2.26123
BDT 136.075794
BGN 1.960574
BHD 0.420487
BIF 3332.496993
BMD 1.116315
BND 1.454255
BOB 7.738761
BRL 6.322034
BSD 1.119965
BTN 95.745041
BWP 15.144532
BYN 3.665087
BYR 21879.783696
BZD 2.24963
CAD 1.559549
CDF 3204.942189
CHF 0.935299
CLF 0.027413
CLP 1051.967484
CNY 8.048081
CNH 8.048713
COP 4704.554582
CRC 567.282465
CUC 1.116315
CUP 29.582361
CVE 110.261592
CZK 24.899757
DJF 199.433835
DKK 7.461011
DOP 65.907963
DZD 148.865399
EGP 55.928271
ERN 16.744732
ETB 151.194627
FJD 2.537725
FKP 0.83994
GBP 0.840567
GEL 3.05914
GGP 0.83994
GHS 13.887571
GIP 0.83994
GMD 80.937172
GNF 9698.700213
GTQ 8.598734
GYD 234.312757
HKD 8.722499
HNL 29.141099
HRK 7.532941
HTG 146.54547
HUF 402.867531
IDR 18412.786848
ILS 3.96752
IMP 0.83994
INR 95.543378
IQD 1467.15465
IRR 47010.84053
ISK 145.891703
JEP 0.83994
JMD 178.534481
JOD 0.791807
JPY 162.594147
KES 144.755526
KGS 97.622219
KHR 4481.861466
KMF 492.857526
KPW 1004.7411
KRW 1561.859763
KWD 0.343145
KYD 0.933371
KZT 571.02235
LAK 24221.251321
LBP 100346.698283
LKR 335.109642
LRD 223.983077
LSL 20.217275
LTL 3.29619
LVL 0.675249
LYD 6.178809
MAD 10.389879
MDL 19.509397
MGA 5019.844837
MKD 61.528098
MMK 2343.6765
MNT 3999.013199
MOP 9.015121
MRU 44.32763
MUR 51.47373
MVR 17.25866
MWK 1941.939975
MXN 21.73009
MYR 4.795735
MZN 71.336723
NAD 20.217275
NGN 1788.71739
NIO 41.208726
NOK 11.593835
NPR 153.192265
NZD 1.897963
OMR 0.429497
PAB 1.119965
PEN 4.129072
PGK 4.654856
PHP 62.294316
PKR 315.375252
PLN 4.268991
PYG 8941.723611
QAR 4.081974
RON 5.106255
RSD 117.226377
RUB 90.497203
RWF 1603.750428
SAR 4.186829
SBD 9.31055
SCR 15.922308
SDG 670.351558
SEK 10.907859
SGD 1.452108
SHP 0.877249
SLE 25.344455
SLL 23408.578004
SOS 640.080215
SRD 40.8365
STD 23105.476908
SVC 9.799697
SYP 14514.261285
SZL 20.222375
THB 37.223582
TJS 11.546543
TMT 3.912686
TND 3.376696
TOP 2.614527
TRY 43.377235
TTD 7.596765
TWD 33.732379
TZS 3021.006621
UAH 46.488763
UGX 4097.873335
USD 1.116315
UYU 46.59856
UZS 14520.55117
VES 105.163869
VND 28936.572095
VUV 133.952878
WST 3.099125
XAF 655.936725
XAG 0.034581
XAU 0.000349
XCD 3.016899
XDR 0.815775
XOF 655.936725
XPF 119.331742
YER 272.496621
ZAR 20.143411
ZMK 10048.183034
ZMW 30.104069
ZWL 359.453134
  • RBGPF

    1.5000

    64.5

    +2.33%

  • SCS

    0.0000

    10.5

    0%

  • BCC

    0.9200

    91.91

    +1%

  • NGG

    1.2500

    71.28

    +1.75%

  • GSK

    0.4991

    37.64

    +1.33%

  • CMSC

    -0.0500

    22.05

    -0.23%

  • RELX

    0.5300

    54.57

    +0.97%

  • RYCEF

    -0.0900

    10.7

    -0.84%

  • BTI

    1.2700

    42.64

    +2.98%

  • RIO

    -0.1100

    62.64

    -0.18%

  • AZN

    0.8500

    68.81

    +1.24%

  • JRI

    0.1600

    12.9

    +1.24%

  • BCE

    -0.0700

    21.56

    -0.32%

  • VOD

    0.1800

    9.45

    +1.9%

  • BP

    0.1300

    29.76

    +0.44%

  • CMSD

    0.0472

    22.06

    +0.21%

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."

(B.Hartmann--BBZ)