Longtime activist investor Carl Icahn has warned of the looming fallout of corporate America on the back of poor management. He called out several companies last week for lacking accountability practices, and on Monday set his sights on America's largest grocer.
What Happened: In a letter to Kroger Co (NYSE:KR) CEO Rodney McMullen, Icahn called out Kroger's animal-welfare practices, as well as the enormous pay gap between McMullen and employees. The activist investor has proposed a solution by nominating two "impressively qualified candidates" for board consideration.
