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BlackRock under pressure as Carl Icahn urges major ESG investors to back McDonald’s campaign
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Carl Icahn is urging BlackRock and other big index-fund managers focused on socially conscious investing to support his proxy fight at McDonald’s for better treatment of pregnant pigs.
The billionaire activist investor, who has a McDonald’s stake worth roughly $50,000, nominated two directors to the fast-food chain’s board in February as part of his campaign, a departure from his typical fights for changes in financial strategy and the like.
McDonald’s...
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