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

EUR -
AED 4.264247
AFN 74.311769
ALL 94.886725
AMD 427.875417
ANG 2.07889
AOA 1060.246009
ARS 1659.56396
AUD 1.642496
AWG 2.091804
AZN 1.976736
BAM 1.956111
BBD 2.338872
BDT 142.544511
BGN 1.963331
BHD 0.437975
BIF 3471.611904
BMD 1.16113
BND 1.488862
BOB 8.02438
BRL 5.859292
BSD 1.161285
BTN 109.927376
BWP 15.580746
BYN 3.214967
BYR 22758.141333
BZD 2.335512
CAD 1.62337
CDF 2664.791999
CHF 0.921176
CLF 0.026413
CLP 1039.547747
CNY 7.862592
CNH 7.847187
COP 4055.256948
CRC 528.293117
CUC 1.16113
CUP 30.769936
CVE 110.282064
CZK 24.144589
DJF 206.784667
DKK 7.473954
DOP 68.25203
DZD 154.291311
EGP 58.464623
ERN 17.416945
ETB 187.217793
FJD 2.597683
FKP 0.866375
GBP 0.864815
GEL 3.082819
GGP 0.866375
GHS 12.890217
GIP 0.866375
GMD 84.762343
GNF 10172.749236
GTQ 8.852522
GYD 242.95073
HKD 9.096615
HNL 31.05334
HRK 7.533175
HTG 151.776752
HUF 350.621103
IDR 20571.734184
ILS 3.380792
IMP 0.866375
INR 109.857903
IQD 1521.261586
IRR 1597572.177044
ISK 144.606684
JEP 0.866375
JMD 184.069273
JOD 0.823274
JPY 185.974669
KES 150.215376
KGS 101.540995
KHR 4666.822571
KMF 494.641517
KPW 1045.0171
KRW 1757.719493
KWD 0.357895
KYD 0.967771
KZT 568.437745
LAK 25570.396909
LBP 103994.082106
LKR 386.118057
LRD 211.347252
LSL 18.783611
LTL 3.428514
LVL 0.702355
LYD 7.384302
MAD 10.735515
MDL 20.19956
MGA 4824.850425
MKD 61.642149
MMK 2437.315839
MNT 4152.999704
MOP 9.370852
MRU 46.358171
MUR 54.712206
MVR 17.95136
MWK 2013.654925
MXN 19.975026
MYR 4.703043
MZN 74.199814
NAD 18.78353
NGN 1578.184391
NIO 42.737349
NOK 11.056335
NPR 175.884001
NZD 1.988353
OMR 0.446461
PAB 1.1612
PEN 3.949279
PGK 5.085765
PHP 70.05444
PKR 323.081699
PLN 4.245618
PYG 7110.069513
QAR 4.233546
RON 5.236748
RSD 117.350726
RUB 84.210575
RWF 1705.900681
SAR 4.356668
SBD 9.341953
SCR 15.90431
SDG 697.260686
SEK 10.899287
SGD 1.488719
SHP 0.866901
SLE 28.622323
SLL 24348.312657
SOS 663.616969
SRD 43.55339
STD 24033.039647
STN 24.503897
SVC 10.160747
SYP 128.342097
SZL 18.78031
THB 37.790707
TJS 10.764751
TMT 4.075565
TND 3.398511
TOP 2.795722
TRY 53.735635
TTD 7.882389
TWD 36.607518
TZS 3049.710573
UAH 52.061976
UGX 4313.76034
USD 1.16113
UYU 47.098302
UZS 13911.152452
VES 675.728508
VND 30526.098758
VUV 138.756202
WST 3.185551
XAF 656.072639
XAG 0.016371
XAU 0.000268
XCD 3.138011
XCG 2.09286
XDR 0.816711
XOF 656.072639
XPF 119.331742
YER 277.063999
ZAR 18.81801
ZMK 10451.55903
ZMW 20.41351
ZWL 373.883277
  • CMSC

    -0.0200

    22.33

    -0.09%

  • CMSD

    -0.0400

    22.26

    -0.18%

  • BCC

    0.4800

    71.14

    +0.67%

  • RBGPF

    0.0000

    60.72

    0%

  • RIO

    1.7100

    105.35

    +1.62%

  • NGG

    0.3200

    81.84

    +0.39%

  • RYCEF

    0.4600

    17.5

    +2.63%

  • BCE

    0.0200

    24.59

    +0.08%

  • RELX

    0.6300

    33.74

    +1.87%

  • JRI

    -0.0300

    12.8

    -0.23%

  • VOD

    0.2700

    15.53

    +1.74%

  • GSK

    0.1800

    53.04

    +0.34%

  • BTI

    0.9300

    62.32

    +1.49%

  • AZN

    -3.5300

    178.75

    -1.97%

  • BP

    0.1000

    42.78

    +0.23%

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)