Retail

McDonald’s shareholders reelect board members despite effort to oust 2 directors

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Chris Kempczinski, McDonald’s, speaks during a press conference in New York, November 17, 2016.

Shannon Stapleton | Reuters

McDonald’s shareholders approved reelecting all of the company’s board members during its annual meeting based on preliminary results.

McDonald’s stock was recently trading up more than 1% on Thursday.

The fast-food giant was facing criticism from some investors for its handling of the firing of former CEO Steve Easterbrook in November 2019. CtW Investment Group, which works with pension funds sponsored by affiliates of unions, and New York City Comptroller Scott Stringer were campaigning against reelecting the board’s chairman and the chair of its compensation…



Source cnbc.com

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