27 May 2022 --- Billionaire activist investor Carl Icahn – who entered a proxy fight with McDonald’s board to boost animal welfare standards for pregnant pigs confined in small crates – has been defeated in a majority vote. Icahn, who owns 200 shares in the fast-food giant, started the proxy fight with the fast food titan over its treatment of pigs last February, nominating two members to its board of directors in a bid to propel animal rights policies.
