What is Carl Icahn’s beef with McDonald’s?
It isn’t about shareholder value
FOR MOST of his life Carl Icahn was vilified for his abrasive personality and his activism as an investor. His mother said he had the spirit of Genghis Khan. Oliver Stone based Gordon Gekko, a fictional predator-in-chief of the junk-bond boom, in part on Mr Icahn. Bill Ackman, no softie, called him a bully who is not used to someone standing up to him, when the two pugilistic financiers fought over Herbalife, a nutritional-supplements business. He is most chief executives’ worst nightmare.
This article appeared in the Business section of the print edition under the headline “Burger flip-out”
Business February 26th 2022
- China wants to insulate itself against Western sanctions
- Sea Group faces choppier waters
- The unseen costs of dirty work
- Private equity is buying up America’s newspapers
- What is Carl Icahn’s beef with McDonald’s?
- Porsche and Volkswagen are set to uncouple—at last
- How Gazprom helps the Kremlin put the squeeze on Europe
From the February 26th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Business
OpenAI’s latest model will change the economics of software
The more reasoning it does, the more computer power it uses
TikTok’s time is up. Can Donald Trump save it?
The imperilled app hopes for help from an old foe
The UFC, Dana White and the rise of bloodsport entertainment
There is more to the mixed-martial-arts impresario than his friendship with Donald Trump
Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?
Donald Trump’s return to the White House may have changed Tesla’s plans
Germany is going nuts for Dubai chocolate
Will the hype last?
The year ahead: a message from the CEO
From the desk of Stew Pidd