WebMay 26, 2024 · An activist investor’s successful campaign to win seats on the board of Exxon Mobil Corp. represents a historic defeat for the oil giant, one that will likely force … WebJun 29, 2024 · BOSTON, June 29 (Reuters) - Activist investor Engine No. 1 spent roughly $12.5 million to win three board seats at Exxon Mobil Corp XOM.N, less than half its original budget, for the year's ...
ExxonMobil shareholders hand board seats to activist nominees
WebMay 30, 2024 · Exxon-Mobil spent $35 million, added new directors, and made promises to do better, all in an effort to defeat the dissident slate nominated by activist fund Engine No. 1. It failed, and, at this writing, Exxon-Mobil has lost at least two seats on the board of directors and votes for two others were still being calculated. WebJun 9, 2024 · It was a shocking defeat for Exxon Chief Executive Officer Darren Woods, who is four and a half years into what’s already been a rocky tenure. His first task will be … can people have white hair
Activist Wins Exxon Board Seats After Questioning Oil
WebFeb 24, 2024 · Wall Street has seen its share of strange bedfellows, but a recent alliance of investors that took on Exxon Mobil was unprecedented.Last week, an activist investor successfully waged a battle to install three directors on the board of Exxon with the goal of pushing the energy giant to reduce its carbon footprint. WebJun 3, 2024 · Activist investor Engine No. 1’s victory over Exxon Mobil Corp. in a proxy fight last week was seen as further proof that investors are starting to take climate risk very seriously. Instead, it ... WebJul 23, 2024 · EESG as a Platform. Engine No. 1’s dissident platform called for ExxonMobil to set carbon emission reduction targets, rethink long-term capital allocation, and accelerate the transition to a low carbon economy. It was joined in its campaign by D.E. Shaw, a major hedge fund focused on financial return activism, and BNP Paribas Asset Management ... can people have two first names