'Vivek Ramaswamy-Linked Firm Takes McDonald's Stake, Targets Diversity Policies' - WSJ
Portfolio Pulse from Happy Mohamed
Strive Asset Management, co-founded by Vivek Ramaswamy, has purchased just under $2 million worth of McDonald's shares and is expressing concerns over the company's diversity policies. This stake is a small fraction of McDonald's nearly $215 billion market capitalization.
July 19, 2023 | 4:36 pm
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Strive Asset Management's stake in McDonald's and its concerns over the company's diversity policies could potentially influence the company's future decisions and impact its reputation.
While Strive's stake is small, its concerns over McDonald's diversity policies could potentially influence the company's future decisions and impact its reputation. However, given the small size of the stake relative to McDonald's market capitalization, the immediate impact on the stock price is likely to be minimal.
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