Icahn Enterprises Activist Presentation Deck
A HISTORY OF OUR ENGAGEMENT WITH MCDONALD'S
The McDonald's Board has failed to assume accountability for its ESG failures
Following HSUS and
Mr. Icahn's urging,
MCD pledges to end
gestation crate use by
2022.
CAWS
Feb. 13, 2012
Early 2012
Mr. Icahn becomes aware
of HSUS' efforts at MCD and
requests that MCD
announces plans to
eliminate gestation crates
from its supply chain.
Nov. 9, 2021
MCD fails to deliver
on its commitment to
eliminate gestation
crates from its supply
chain by 2022.
HSUS submits a
shareholder proposal
requesting confirmation
that MCD would fulfill its
2022 commitment.
Jan. 2022
Mr. Icahn and MCD
have multiple
discussions about the
Company's 2012
commitment and the
matters raised by
HSUS.
Jan. 12, 2022
Jan.-Feb. 2022
Mr. Icahn privately informs
MCD of his intent to
nominate two directors for
election at the 2022 Annual
Meeting.
MCD issues a statement
blaming "industry-wide
challenges for farmers and
producers, such as the COVID-
19 pandemic and global swine
disease outbreaks."
Feb. 20, 2022
Feb. 19, 2022
Mr. Icahn nominates two
highly qualified and
independent ESG experts to
MCD's Board.
March 2022
Mr. Icahn's nominees
participate in interviews
with MCD's Governance
Committee. MCD informs
Mr. Icahn it will not
include either nominee as
part of its slate.
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