PUBLISHED THU, MAY 26 202210:52 AM EDTUPDATED 5 HOURS AGO
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KEY POINTS
- Activist investor Carl Icahn lost his proxy fight with McDonald’s on Thursday.
- Icahn only owns about 200 McDonald’s shares, a tiny stake that didn’t give him much influence over votes.
- The proxy fight centered on Icahn’s criticism of McDonald’s and its suppliers over the treatment of pregnant pigs.
In this article
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.
David A. Grogan | CNBC
Activist investor Carl Icahn lost his proxy fight withMcDonald’son Thursday, signaling that shareholders weren’t swayed by his animal-welfare concerns.
Preliminary counts of votes during the company’s annual shareholder meeting showed that Icahn’s board nominees only received votes from about 1% of outstanding shares, McDonald’s said.
“Moving forward, McDonald’s Board…
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Exposing the Big Game 