The billionaire investor only has 200 shares in the company...so we're about to see an Icahn-ic battle.
Background: Carl Icahn is one of the world's most successful investors. He founded his own investment company called Icahn Enterprises, and he's famous for his activist, aggressive investing style.
What happened: Icahn only owns 200 shares in McDonald's...but he's got a bone to pick with them. He's been pushing Maccas for better treatment of pigs for the best part of a decade. But he reckons they're not budging.
What else: So, he's nominated two new members to the company's board of directors, with the hope that they can push for change within the company. But with just 200 shares...he's gonna need some proxy votes to do it.
💡 A proxy vote happens when a shareholder appoints another person to represent them at a company's general meeting.
💡It might because the the owner is unable to attend the company meeting...or because the owner thinks the proxy has a better understanding of the decisions being voted on.
💡 For a small shareholder to effect big change in a company, they need to rally the troops - aka, they need lots of proxy votes to have a bigger say. And when this happens, it's called a proxy fight. Let the battle begin!
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