Elon Musk’s ‘free speech’ takeover part of new corporate activism wave

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Elon Musk’s ‘free speech’ takeover part of new corporate activism wave
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Shareholder activists are forcing change around social and environmental issues, a change from corporate raiders who focus on finances.

Icahn has only bought a small number of shares in both McDonald’s and Kroger, where he has also criticized the stark gap between the pay of executives and rank-and-file employees.

Kroger spokeswoman Kristal Howard said in an email the company is committed to working with its suppliers to support animal welfare and is making significant investments to raise the hourly wage of its employees.Shareholders in public companies have long wielded power to force change.

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