Business Standard

Shareholders re-elect McDonald's directors, Icahn loses board battle

Preliminary tallies showed shareholders backed all 12 of McDonald's directors and that Icahn's two nominees received approximately 1% of the vote, the company said.

McDonald's (Photo: Bloomberg)
Premium

(Photo: Bloomberg)

Reuters Boston
Shareholders have reelected all of McDonald's Corp's directors, the company said on Thursday, ending a boardroom battle with billionaire investor Carl Icahn who had sought to win two board seats and shine a spotlight on his campaign over animal welfare.
 
Preliminary tallies showed shareholders backed all 12 of McDonald's directors and that Icahn's two nominees received approximately 1% of the vote, the company said.
 
"McDonald's shareholders value a Board of Directors with a breadth of experiences to advise the Brand on the multitude of issues that can impact the business on a daily basis," board chairman Enrique Hernandez, Jr. said

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 26 2022 | 9:34 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com