Franchise News
Report: McDonald’s Warned to Take Better Care of Chickens by Shareholder
New York's pension fund, which holds more than $300M of McDonald’s stock, confronted the fast food giant about its chicken welfare practices.
McDonald’s received a warning from a prominent shareholder urging the fast food giant to adopt more humane chicken welfare policies, according to a letter obtained by Bloomberg News.
The New York State Common Retirement Fund, a shareholder with more than $300 million in McDonald’s stock, voiced its concerns about the “potential financial and reputational risks associated with McDonald’s chicken welfare practices,” according to the report.
The letter, penned by New York State Comptroller Thomas P. DiNapoli in his capacity as trustee, called for reform in the wake of a media campaign by the Humane Society of the United States that criticized the brand’s breeding and slaughter practices.
Read the full article at Bloomberg.com.
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Madeline Lena
FollowMaddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories.
Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business. In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.
