‘A Seismic Shift’ for Big Oil: Activist Investors Score Surprise Win With ExxonMobil Board Seats

During Exxon’s annual shareholder meeting, an activist hedge fund called Engine No. 1—which “owns only about 0.02%” of the oil company’s stock, according to climate reporter Emily Atkin—ran four of its own director candidates in opposition to the fossi…

During Exxon's annual shareholder meeting, an activist hedge fund called Engine No. 1—which "owns only about 0.02%" of the oil company's stock, according to climate reporter Emily Atkin—ran four of its own director candidates in opposition to the fossil fuel corporation's hand-picked board members. At least two of Engine No. 1's candidates won, with the races for additional boardroom seats too close to call as of this writing.

The post ‘A Seismic Shift’ for Big Oil: Activist Investors Score Surprise Win With ExxonMobil Board Seats appeared first on PopularResistance.Org.

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Terrace | radiofree.asia (2021-10-27T01:28:46+00:00) » ‘A Seismic Shift’ for Big Oil: Activist Investors Score Surprise Win With ExxonMobil Board Seats. Retrieved from https://radiofree.asia/2021/05/31/a-seismic-shift-for-big-oil-activist-investors-score-surprise-win-with-exxonmobil-board-seats/.
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" » ‘A Seismic Shift’ for Big Oil: Activist Investors Score Surprise Win With ExxonMobil Board Seats." Terrace | radiofree.asia [Online]. Available: https://radiofree.asia/2021/05/31/a-seismic-shift-for-big-oil-activist-investors-score-surprise-win-with-exxonmobil-board-seats/. [Accessed: 2021-10-27T01:28:46+00:00]
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» ‘A Seismic Shift’ for Big Oil: Activist Investors Score Surprise Win With ExxonMobil Board Seats | Terrace | radiofree.asia | https://radiofree.asia/2021/05/31/a-seismic-shift-for-big-oil-activist-investors-score-surprise-win-with-exxonmobil-board-seats/ | 2021-10-27T01:28:46+00:00
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