WKYT | Lexington, Kentucky | News

PETA buys stock to gain influence in boardrooms

DES MOINES, Iowa (AP) - An animal-rights group known for provocative protests is trying a more staid tactic to influence companies: buying stock.

People for the Ethical Treatment of Animals now owns a piece of at least 80 companies, including McDonald's and Kraft Foods.

PETA is known for such stunts as having its members strip to protest the fur industry.

Senior PETA campaigner Ashley Byrne says buying stock gives PETA a new forum to present its ideas. She also says it's paying off.

Byrne says companies such as the Safeway grocery store chain and Ruby Tuesday restaurants have agreed to buy products from companies that practice more humane slaughter methods or supply cage-free eggs and pork.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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