{"id":38809,"date":"2022-06-06T12:58:10","date_gmt":"2022-06-06T12:58:10","guid":{"rendered":"https:\/\/harchi90.com\/activist-investor-carl-icahn-drops-proxy-fight-over-krogers-pig-policy-wsj-reports\/"},"modified":"2022-06-06T12:58:10","modified_gmt":"2022-06-06T12:58:10","slug":"activist-investor-carl-icahn-drops-proxy-fight-over-krogers-pig-policy-wsj-reports","status":"publish","type":"post","link":"https:\/\/harchi90.com\/activist-investor-carl-icahn-drops-proxy-fight-over-krogers-pig-policy-wsj-reports\/","title":{"rendered":"Activist investor Carl Icahn drops proxy fight over Kroger&#8217;s pig policy, WSJ reports"},"content":{"rendered":"<div>\n<p data-testid=\"paragraph-0\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">June 5 (Reuters) &#8211; Billionaire investor Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at Kroger Co (KR.N) after losing a similar fight with McDonald&#8217;s Corp (MCD.N) last month, Wall Street Journal reported on Sunday.<\/p>\n<p data-testid=\"paragraph-1\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">&#8220;I congratulate the McDonald&#8217;s team on their victory in this proxy engagement and, after much contemplation, given the company&#8217;s financial position, I believe the same outcome will result at Kroger,&#8221; Icahn said in a letter he plans to send to the shareholders of both companies that was viewed by the Journal.<\/p>\n<p data-testid=\"paragraph-2\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">The activist investor in March nominated two directors to the supermarket chain&#8217;s board and wrote a letter to its boss pointing out Kroger&#8217;s inability to create policies concerning animal welfare and criticizing its wage disparities.<\/p>\n<div class=\"registration-prompt__container__2jf5K registration-prompt__inline__2WDU- article-body__element__2p5pI article-body__inline-registration-prompt__1-N9W\">\n<div class=\"registration-prompt__text-content__o0YET\">\n<h5 data-testid=\"Heading\" class=\"text__text__1FZLe text__white__3r45t text__medium__1kbOh text__heading_5__2krbj heading__base__2T28j heading__heading_5__2A2g- registration-prompt__heading__3fq-h\">Register now for FREE unlimited access to Reuters.com<\/h5>\n<p><button data-testid=\"Button\" class=\"button__button__2Ecqi button__secondary__18moI button__round__1nYLA text-button__container__3q3zX registration-prompt__button-text__3kTtQ\" type=\"button\"><\/p>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__inherit-color__3208F text__bold__2-8Kc text__default__UPMUu text-button__medium__113uZ\">Register<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<p data-testid=\"paragraph-3\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Icahn, a billionaire who owns roughly $ 50,000 worth of McDonald&#8217;s stock, had also nominated two director candidates to push the fast-food chain to make good on a decade-old promise to stop buying pork by the end of this year from suppliers that house the animals in crates.<\/p>\n<p data-testid=\"paragraph-4\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">He has said confining the pigs in crates during their pregnancy is inhumane and sought to shine a spotlight on the practice more broadly.  The boardroom battle ended when shareholders re-elected all of McDonald&#8217;s directors.  read more <\/p>\n<p data-testid=\"paragraph-5\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Icahn wrote in the letter seen by WSJ that these campaigns were different from his typical fights considering that the two companies are performing well financially, which makes it less likely the campaigns would gain adequate shareholder support.<\/p>\n<p data-testid=\"paragraph-6\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">&#8220;We will continue to engage with stakeholders and shareholders to inform our policies and ensure we are well positioned to achieve our goals,&#8221; a Kroger spokesperson said in an emailed response to the report.<\/p>\n<p data-testid=\"paragraph-7\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Representatives for Icahn did not immediately respond to a request for comment outside regular business hours.<\/p>\n<div class=\"registration-prompt__container__2jf5K registration-prompt__inline__2WDU- article-body__element__2p5pI\">\n<div class=\"registration-prompt__text-content__o0YET\">\n<h5 data-testid=\"Heading\" class=\"text__text__1FZLe text__white__3r45t text__medium__1kbOh text__heading_5__2krbj heading__base__2T28j heading__heading_5__2A2g- registration-prompt__heading__3fq-h\">Register now for FREE unlimited access to Reuters.com<\/h5>\n<p><button data-testid=\"Button\" class=\"button__button__2Ecqi button__secondary__18moI button__round__1nYLA text-button__container__3q3zX registration-prompt__button-text__3kTtQ\" type=\"button\"><\/p>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__inherit-color__3208F text__bold__2-8Kc text__default__UPMUu text-button__medium__113uZ\">Register<\/span><\/p>\n<p><\/button><\/div>\n<\/div>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__default__UPMUu sign-off__text__PU3Aj\">Reporting by Ann Maria Shibu in Bengaluru;  Additional reporting by Sneha Bhowmik;  Editing by Sam Holmes and Rashmi Aich<\/span><\/p>\n<p data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Our Standards: The Thomson Reuters Trust Principles.<\/p>\n<\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>June 5 (Reuters) &#8211; Billionaire investor Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at Kroger Co (KR.N) after losing a similar fight with McDonald&#8217;s Corp (MCD.N) last month, Wall Street Journal reported on Sunday. &#8220;I congratulate the McDonald&#8217;s team on their victory in this proxy engagement and, after &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/activist-investor-carl-icahn-drops-proxy-fight-over-krogers-pig-policy-wsj-reports\/\"> <span class=\"screen-reader-text\">Activist investor Carl Icahn drops proxy fight over Kroger&#8217;s pig policy, WSJ reports<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[13528,13530,56,429,7844,430,250,25,26,4780,255,256,4004,3550,3551,4005,15509,7846,8808,7847,7848,8394,10054,17913,15512,1600,64,7841,17914,17915,87,10060,8810,8811,12499,4002,2316,12498,284,57],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/www.reuters.com\/resizer\/pHJwX5P16vSch3DLR5WbLKHuvb4=\/1200x628\/smart\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/P3H37JRNRVOTDMJFMYPPELY5SU.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/38809"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=38809"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/38809\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=38809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=38809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=38809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}