Released by Carl Icahn His letter To McDonald’s Shareholders on Thursday called for compensation between the company’s top ranks and Wall Street companies for ESG investment policies.

The latest development In the animal welfare battle with Icahn’s fast food chain About the treatment of pregnant pigs. Billionaire corporate assailants share two board seats with candidates who share his belief that McDonald’s should require all US suppliers to move to “crateless” pork. We are promoting the addition.Icahn is fighting a similar battle KrogerIn the same way.

Icahn began his letter by challenging the asset management company for what he called “the greatest hypocrisy of our time.” He said Wall Street’s large corporations, banks and lawyers are taking advantage of the environment, society and corporate governance to invest for profit without supporting “concrete social progress.”

“In reality, if an ESG move is more than a marketing concept or funding tool, a large asset manager, one of McDonald’s biggest owners, needs to back up with action.” He writes.

McDonald’s top three shareholders are with the Vanguard Group, State Street’s wealth management arm. Black lockAccording to FactSet.

Icahn also called compensation for McDonald’s management “unconscientious” and said the board tolerated multiple forms of injustice.

“Perhaps this election contest won’t be held if company executives strive to be completely gestation-free, much like getting a rich compensation package,” Icahn said. wrote.

McDonald’s states that US pork supply will be “crate-free” by the end of 2024, indicating a two-year delay by the 2022 deadline set ten years ago. The company has accused it of postponing the Covid-19 pandemic and the outbreak of African swine fever.

Icahn said in a letter that this issue should have been prioritized early so that McDonald’s could stick to the original pledge.

By the end of this year, hamburger chains expect 85% to 90% of their pork to come from sows that are not housed in gestation crate during pregnancy.

McDonald’s said in a regulatory filing that it expects to spend about $ 16 million in a proxy dispute. Icahn even questioned the company’s decision to spend that much money.

“If McDonald’s spends $ 16 million on it, not on a third party holding to seek your vote to re-election two of the twelve board candidates that presided over Mulch. Number of pigs escaped torture from gestation crate-What year did McDonald’s supply chain fail to meet the company’s set goal of promoting animal welfare? “He wrote.

McDonald’s shareholders will vote at the company’s annual shareholders meeting on May 26 to vote on whether Icahn candidates Leslie Samuelrich and Macy Gunsler will be elected.

McDonald’s shares have increased by 10% in the last 12 months, bringing the company’s market value to approximately $ 190 billion.