Dell wavered after the IT giant reported fiscal first-quarter net income leaped on 12% higher revenue, with particular strength in desktops and laptops.
India’s Anjani Portland Cement has entered into a share purchase agreement for the acquisition of a controlling stake in Bhavya Cements, at a price of .
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Darren Woods, Exxon Mobil’s C.E.O., suffered a big defeat in his fight with an activist investor.Credit.Brendan McDermid/Reuters
The little Engine …
Exxon Mobil suffered a stunning loss at its annual shareholder meeting yesterday, as a small new activist investor focused on climate change, Engine No. 1, won at least two seats on its 12-member board. To corporate America, the upset was a clear sign that company boards and leaders need to pay attention to environmental, social and governance issues (known as E.S.G.) or suffer rebukes.
A big splash for a tiny fund. Exxon was the first activist campaign for Engine No. 1, which was founded last year by the energy and tech investor Chris James. Its head of active engagement is Charlie Penner, a veteran hedge fund executive who helped lead campaigns against companies like Apple while at Jana Partners.