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Carl Icahn Pushes McDonald’s to Expand Meatless Options

Carl Icahn
Carl IcahnPhotographer: Victor J. Blue/Bloomberg
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Activist investor Carl Icahn argues his two nominees for the board of McDonald’s Corp. will help wean the fast-food chain off its dependence on meat products and address other concerns he has with the company and its supply chain.

The billionaire investor said in a new 65-page presentation that part of his plan to improve the environmental, social and governance issues at McDonald’s includes setting a time line for growing revenue from alternative protein sources. Those goals would then be tied to executive compensation, the company’s marketing and strategy going forward, according the presentation, a copy of which was reviewed by Bloomberg News.