Monday, July 12, 2010

PETA targets Steak 'n Shake restaurants

Animal-rights group People for the Ethical Treatment of Animals (PETA) has asked Steak 'n Shake restaurant chain owner Biglari Holdings Inc. to switch to a poultry supplier that uses more humane killing methods. A report in the San Antonio Express-News said PETA, which owns 640 shares of company stock, submitted a shareholder proposal asking the company to buy its poultry from suppliers that use controlled-atmosphere killing, which it calls less cruel.
The board of the San Antonio-based firm recommends a no vote on the request at an Aug. 13 special shareholders session. Although it stated in regulatory filings that it “respects PETA's position,” the company maintained, “…the corporation, on behalf of its shareholders, is guided by two conditions: (1) what the law mandates, and (2) what customers desire.”

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