McDonald’s: We May Be Liars, But Carl Icahn’s A Hypocrite

{"id":"ci029a8fc6a000278f","isDetailPage":true,"objectType":"ContentArticle","originalPublicationTimestamp":"2022-02-22T19:45:00Z","path":"/2022/02/icahn-launches-mcdonalds-proxy-fight","publicationTimestamp":"2022-02-22T19:45:00Z","title":"McDonald’s: We May Be Liars, But Carl Icahn’s A Hypocrite","viewProperties":{"viewMeta":{"suppressContentRecommendations":false,"showLimitedSiteFooter":false,"disableSiteHeader":false,"disableSiteFooter":false,"suppressDisplayAds":false},"analyticsModel":{"title":"McDonald’s: We May Be Liars, But Carl Icahn’s A Hypocrite","exclusiveContentType":"free","sanitizedTitle":"McDonalds We May Be Liars But Carl Icahns A Hypocrite","pageType":"Article Page","mavenPageType":"article","sectionPath":"Hedge Funds","parentSectionName":"Hedge Funds","authorName":"Jon Shazar","author":"tm-ci023cf8a7000927dc","videoAuthorName":"","videoTitle":"","publicationQuarter":"2022Q1","trackedRichTermNames":"","originalPublishDate":"2022-02-22"}},"commentsEnabled":true,"dek":"Why is it only our pigs that he’s worried about, wonder the sausage egg McMuffin slingers.","disqusId":"1b825501-94b2-11ec-b445-02209cbcd5fb","isCanvas":true,"primaryImage":{"isReadonlyContent":false,"title":"pigs","attribution":{"sourceName":"kallerna, CC BY-SA 4.0 , via Wikimedia Commons"},"format":"jpg","bytes":305705,"primaryPhotoId":"ci029a9004e000278f","createdTimestamp":"2022-02-23T14:25:19Z","primaryContentSiteId":"cs02394295300027a8","height":861,"cloudinaryVersionId":1645626317,"publicId":"MTg3NjIwNjg0Mjk2MzY1OTY3","objectType":"ContentPhoto","width":1200,"hasFaces":false,"createdPrincipalId":"up023c94b9f000250a","id":"ci029a9004e000278f","primarySiteId":"cs02394295300027a8"},"primaryImageId":"ci029a9004e000278f","primarySectionIds":["ci023cf8a5d00027dc"],"sectionIds":[["ci023cf8a5d00027dc"]],"slug":"icahn-launches-mcdonalds-proxy-fight","teaser":"Why is it only our pigs that he’s worried about, wonder the sausage egg McMuffin slingers.","hasGallery":false,"associatedRichTerms":[{"id":"ci023cf90e200027dc","objectType":"ContentRichTerm","originalPublicationTimestamp":"2019-01-14T17:49:30Z","path":"/tag/shareholder-activism-2","publicationTimestamp":"2019-01-14T17:51:32Z","title":"shareholder activism","commentsEnabled":true,"disqusId":"f0a58238-1829-11e9-ba0c-025f192f501e","slug":"shareholder-activism-2"},{"id":"ci023cf8a7800127dc","objectType":"ContentRichTerm","originalPublicationTimestamp":"2019-01-14T17:55:16Z","path":"/tag/carl-icahn","publicationTimestamp":"2019-01-14T17:53:56Z","title":"Carl Icahn","commentsEnabled":true,"disqusId":"1da5f673-1826-11e9-b994-025f192f501e","slug":"carl-icahn"},{"id":"ci023cf8a5d00027dc","objectType":"ContentRichTerm","originalPublicationTimestamp":"2019-01-14T17:48:30Z","path":"/category-hedge-funds","publicationTimestamp":"2019-01-14T17:50:10Z","title":"Hedge Funds","commentsEnabled":true,"disqusId":"0dcf287c-1826-11e9-b993-025f192f501e","slug":"category-hedge-funds"},{"id":"ci023cf8a8900625f5","objectType":"ContentRichTerm","originalPublicationTimestamp":"2019-01-14T17:49:34Z","path":"/tag/pigs","publicationTimestamp":"2019-01-14T17:52:45Z","title":"pigs","commentsEnabled":true,"disqusId":"2801fb35-1826-11e9-97c4-02547ef6f3f6","slug":"pigs"},{"id":"ci029a8fd5700024ff","objectType":"ContentRichTerm","originalPublicationTimestamp":"2022-02-23T14:12:36Z","path":"/tag/animal-welfare","publicationTimestamp":"2022-02-23T14:12:36Z","title":"Animal Welfare","commentsEnabled":true,"disqusId":"a7fc89d2-94b2-11ec-8613-067c467f33bb","promoTitle":"Animal Welfare","slug":"animal-welfare"},{"id":"ci023cf8a9f00325f5","objectType":"ContentRichTerm","originalPublicationTimestamp":"2019-01-14T17:48:54Z","path":"/tag/mcdonalds","publicationTimestamp":"2019-01-14T17:49:45Z","title":"McDonalds","commentsEnabled":true,"disqusId":"349dd2c0-1826-11e9-b99a-025f192f501e","slug":"mcdonalds"},{"id":"ci023cf8a6d00527dc","objectType":"ContentRichTerm","originalPublicationTimestamp":"2019-01-14T17:49:45Z","path":"/tag/category-hedge-funds","publicationTimestamp":"2019-01-14T17:53:18Z","title":"Hedge Funds","commentsEnabled":true,"disqusId":"16e619c2-1826-11e9-b993-025f192f501e","slug":"category-hedge-funds"},{"id":"ci029a90391000278f","objectType":"ContentRichTerm","originalPublicationTimestamp":"2022-02-23T14:39:10Z","path":"/tag/viskase","publicationTimestamp":"2022-02-23T14:39:10Z","title":"Viskase","commentsEnabled":true,"disqusId":"5e37027f-94b6-11ec-bccc-02cf88ec99c3","promoTitle":"Viskase","slug":"viskase"},{"id":"ci023cf8af100327dc","objectType":"ContentRichTerm","originalPublicationTimestamp":"2019-01-14T17:51:21Z","path":"/tag/icahn-enterprises","publicationTimestamp":"2019-01-14T17:50:50Z","title":"Icahn Enterprises","commentsEnabled":true,"disqusId":"662b2c6e-1826-11e9-b99f-025f192f501e","slug":"icahn-enterprises"}]}

• Home
• Hedge Funds

McDonald’s: We May Be Liars, But Carl Icahn’s A HypocriteWhy is it only our pigs that he’s worried about, wonder the sausage egg McMuffin slingers.

• Author:Jon Shazar
• Publish date:Feb 22, 2022

kallerna, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons

Why is it only our pigs that he’s worried about, wonder the sausage egg McMuffin slingers.

If you doubted the seriousness of Carl Icahn’s concern for the suffering of sows wh ose sons are destined to become McDonalds’s sausage patties, well, doubt no more: He’s doubled his stake in the fast-food chain (to a staggering 200 shares) and is doing what he does best, taking this fight to the schoolyard of the annual general meeting.

On Sunday, McDonald’s confirmed that Mr. Icahn, who it says owns 200 shares in the restaurant chain, had nominated two people to its board over the matter — in what is likely to be the start of a bitter, and peculiar, contest.

“Mr. Icahn’s stated focus in making this nomination relates to a narrow issue regarding the company’s pork commitment, which the Humane Society U.S. has already introduced through a shareholder proposal,” McDonald’s said in a statement on Sunday. “This is an issue on which McDonald’s has been a leader.”

Icahn would probably use another word that begins with “l” and ends with “r,” given that McDonald’s promised him 10 years ago to stop buying pork from producers who keep their pregnant pigs in two-foot-wide crates, but is still sourcing some 40% of it from said producers. For it’s part, McDonald’s wonders whether the problem is the pigs, or the fact that it may have shaded the truth a bit with a bitter old corporate raider.

McDonald’s contends that Mr. Icahn’s demands are unreasonable given the current pork supply in the United States. And it cited what it said were inconsistencies with Mr. Icahn’s other investments, pointing to his majority ownership in a pork and poultry packer and supplier, Viskase, through his holding company Icahn Enterprises…. “it’s noteworthy that Mr. Icahn has not publicly called on Viskase to adopt commitments similar to those of McDonald’s 2012 commitment.”

Carl Icahn Pushes McDonald’s to Change Way It Sources Its Pork [DealBook]

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.

Tagsterms:shareholder activismCarl IcahnpigsAnimal WelfareMcDonaldsHedge FundsViskaseIcahn EnterprisesBy Jon Shazar

Hedge FundsCarl Icahn Knows How Pigs Get Pregnant, And Also When Someone Is Trying To Get One Over On Him

He went to medical school once, Chris Kempczinski.

Hedge FundsCompany That Was Perfect When Carl Icahn First Invested Now Even More So

So perfect, in fact, that it has no more need of Carl Icahn, nor he of it.

Hedge FundsCarl Icahn To Retire

Or die. Whichever comes first.

Hedge FundsCarl Icahn Will Not Be Presiding Over The Shotgun Wedding Of Xerox And HP Just Yet

HP needs a little more time to get to know Xerox better.

Hedge FundsCarl Icahn Won’t Play Chess With His Son Anymore, But May Let Him Manage Money Again

With Dad’s approval, of course, until six or seven years after he’s dead.

Hedge FundsFormer CFO Of Badly-Run Company To Become CEO Of Badly-Run Company Hunter

Carl Icahn needs someone who can smell bad governance and also tolerate 99% humidity.

Hedge FundsDo You Really Want To Make Carl Icahn Angry, Jay Clayton?

Carl Icahn wants to know.

Hedge FundsPaul Singer May Or May Not Be Becoming A Nicer Person

And it may or may not have to be because he has to in order to win.

• Privacy Policy
• Send Tips
• About
• Advertising
• Newsletter
• RSS

© 2022 Breaking Media Inc.