McDonald's Shareholders Vote For Civil Rights Audit: Bloomberg

  • McDonald’s Corp MCD investors have voted in favor of a proposal for an independent civil-rights audit, Bloomberg reported.
  • The civil rights audit was the only shareholder proposal to gain the backing of a majority of votes cast at McDonald’s annual meeting. About 52% of votes were in favor of the audit and 47% against.
  • A group of Black franchisees has demanded that the company should aid its minority franchisees who face discrimination in pay on the basis of gender and color.
  • The shareholders voted to re-elect all twelve McDonald’s board members. The preliminary results also indicate that Carl Icahn's two nominees received approximately 1% of the company's outstanding shares and were not elected to the McDonald's Board.
  • Price Action: MCD shares closed higher by 1.71% at $248.19 on Thursday.
  • Photo Via Wikimedia Commons
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