Activist investor ousts at least two Exxon directors in historic win for pro-climate campaign
New York (CNN Business)A hedge fund that's criticized ExxonMobil's climate strategy won enough shareholder support to oust at least two directors from the oil giant's board, a major loss for the once-mighty company.
New York (CNN Business)A hedge fund that's criticized ExxonMobil's climate strategy won enough shareholder support to oust at least two directors from the oil giant's board, a major loss for the once-mighty company. For the first time in modern history, America's largest oil company faced a credible challenge from an activist investor, Engine No. 1. Upset with Exxon's financial performance and its foot-dragging on climate, the hedge fund sought to oust four directors at the company's annual shareholder meeting. Engine No. 1 won two board seats in the shareholder vote. Two additional board seats were still too close to call Wednesday afternoon. The vote is a major milestone in the climate battle because it's the first proxy campaign at a maj
New York (CNN Business)A hedge fund that's criticized ExxonMobil's climate strategy won enough shareholder support to oust at least two directors from the oil giant's board, a major loss for the once-mighty company.
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