Carl Icahn is adding workers’ rights to his investor activism

Billionaire investor Carl Icahn intends to nominate two candidates to the board of Kroger and called out the largest US supermarket chain for the “unconscionable” wage gap between its CEO and the average employee.

“Kroger’s top management and directors are failing to provide decent pay to workers in a company that can afford to give its CEO $22 million dollars per year,” Icahn, estimated by Bloomberg to have a net worth of $23 billion, wrote in a letter to Kroger CEO Rodney McMullen. 

Kroger is the second major American company Icahn has taken on in as many months. In February, he targeted McDonald’s for not living up to its commitment to working exclusively with pork suppliers who have phased out gestation crates, tiny stalls in which pigs are housed while pregnant. Icahn also brought his animal welfare campaign to Kroger, condemning it for buying meat from producers that use gestation crates.

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