BOSTON (Reuters) - Proxy advisory firm Institutional Shareholders Services on Monday recommended that McDonald's Corp shareholders vote for the company's directors instead of the two candidates activist investor Carl Icahn has proposed.
"The dissident campaign has not made a sufficient case, on an issue-specific or broader view of ESG, that the immediate replacement of incumbent directors is necessary at this time," ISS wrote in the report it sent to clients on Monday morning.
Icahn is trying to convince shareholders to add his director nominees to the board to hold the company accountable to pledges it made a decade ago to stop buying pork from producers that use gestation crates.
(Reporting by Svea Herbst-Bayliss)
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Mr. Carl C. Icahn is a Chairman at CVR Refining GP LLC, at Icahn Enterprises G.P. Inc., at Icahn Enterprises Holdings LP, at Starfire Holding Corp., at ACF Industries LLC, at Atlantic Coast Entertainment Holdings, Inc., at Greate Bay Hotel & Casino, Inc., at Icahn Enterprises Finance Corp., at Icahn Enterprises LP, a Chief Executive Officer at Icahn Capital LP, at General Partners LLC at GB Property Funding Corp., and a Chairman of the Board at Icahn Associates Holding LLC. Mr. Icahn was previously employed as a Chairman by CVR Refining LP, by GB Holdings, Inc., by Maupintour Holding LLC, by American Railcar Industries, Inc., by CVR Energy, Inc., by XO Communications, Inc., by Tropicana Entertainment, Inc., by WCI Communities, Inc., by ImClone Systems, Inc., a Non-Executive Chairman by Federal-Mogul Corp., by Federal-Mogul LLC, by Federal-Mogul Holdings Corp., a Chief Executive Officer by Icahn Capital Management LP, by Icahn Management LP, a Member chCCI Offshore LLC, by Financial Industry Regulatory Authority, Inc., by National Association of Securities Dealers, Inc., by National Association of Securities Professionals, by CCI Onshore LLC, a Chairman & President by XO Holdings, Inc., a President & Director by Stratosphere Corp., a General Partner by American Real Estate Partners LP, a Chairman & President by Icahn & Co., Inc., a Non-Executive Chairman by Federal-Mogul Motorparts LLC, an Owner by Sands Hotel & Casino /Atlantic City/, by Stratosphere Hotel, and a Chairman & Chief Executive Officer by Trans World Airlines, Inc. He received his undergraduate degree from Princeton University.
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Icahn Associates Holding LLC
 Icahn Associates Holding LLC Investment ManagersFinance Icahn Associates Holding LLC is an independent hedge fund manager headquartered in New York City. The firm is affiliated with Icahn Enterprises LP (NASDAQ: IEP), a Delaware master limited partnership and diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Railcar, Mining, Food Packaging, Metals, Real Estate and Home Fashion. Icahn Associates Holding manages assets of high net-worth clients. | Chairman |
ACF Industries LLC
 ACF Industries LLC Wholesale DistributorsDistribution Services ACF Industries LLC manufactures and fabricates railcar parts and miscellaneous steel products. Its capabilities include car conversions, repair programs, welded sub-assemblies, pressure vessels, railcar wheel, and axle machining & mounting. The company was founded in 1899 and is headquartered in St. Charles, MO. | Chairman |
