Our attorneys have wide-ranging experience over many years in the corporate governance arena. As a result of this expertise, our lawyers have been helping clients cope with the array of legislative and regulatory responses coming out of the U.S. Congress, the U.S. Securities and Exchange Commission and major U.S. stock exchanges.
McDonald’s Wins Proxy Fight With Carl Icahn
- Client News
- May 27, 2022
Practices
Paul, Weiss represented the board of directors of McDonald’s Corporation in its successful proxy fight with activist investor Carl Icahn. McDonald’s shareholders overwhelmingly rejected Icahn’s bid to nominate two new directors to the company’s board, with just 1% of shareholders voting for Icahn’s nominees. All 12 existing directors were reelected to the McDonald’s board, and McDonald’s received support for all its existing directors from proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis.
The Paul, Weiss team included corporate partners Kyle Seifried, Scott Barshay and John Kennedy and counsel Patricia Vaz de Almeida, Jason Tyler and Frances Mi; and litigation partner Andre Bouchard.