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Will Exxon Activist Investor Fight Lead to Woods' Ouster?

An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on CEO Darren Woods. (Bloomberg) -- An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on Chief Executive Officer Darren Woods as a decades-long struggle by climate campaigners comes to a head. Activist investor Engine No. 1 LLC wants to replace one-third of Exxon’s board in an effort to force the Western world’s largest oil explore...
Andrew Logan Kaisa Hietala Lee Raymond John Hoeppner Jeff Ubben Alexander Karsner

ExxonMobil activist battle turns climate angst into referendum on CEO

ExxonMobil activist battle turns climate angst into referendum on CEO An unprecedented fight over who should sit on the board of ExxonMobil is turning into a referendum on chief executive Darren Woods as a decades-long struggle by climate campaigners comes to a head. By Bloomberg 24/05/2021, 3:17 am Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., speaks during the World Gas Conference in Washington, D.C., U.S, on Tuesday, June 26, 2018. Photographer: Andrew Harrer/...
United Kingdom General United Kingdom Andrew Logan Kaisa Hietala Lee Raymond John Hoeppner

Exxon's activist investors spin climate dispute into a referendum on CEO Darren Woods

Exxon’s activist investors spin climate dispute into a referendum on CEO Darren Woods By Kevin Crowley on 5/24/2021 Exxon Mobil CEO Darren Woods HOUSTON (Bloomberg) --An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on Chief Executive Officer Darren Woods as a decades-long struggle by climate campaigners comes to a head. Activist investor Engine No. 1 LLC wants to replace one-third of Exxon’s boar...
United States Andrew Logan Kaisa Hietala Lee Raymond John Hoeppner Jeff Ubben

SIGN UP NOW: Discussions from finance industry leaders on disrupting the ordinary and the future of finance

SIGN UP NOW: Discussions from finance industry leaders on disrupting the ordinary and the future of finance insider@insider.com (Business Insider) © DGLimages/Shutterstock DGLimages/Shutterstock The rise of fintech and e-commerce changed the way we think about finance, for both financial service professionals and consumers. The future of finance is here-with digital banking and cryptocurrency becoming the new normal. On June 8, 2021, Insider is hosting " The Future of Finance...
United States David Tyrie Karen Karniol Dglimages Shutterstock Michael Sonnenshein John Hoeppner
Source: msn.com

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Legal & General backs activist investor over Exxon climate concerns

Legal & General backs activist investor over Exxon climate concerns L&G will back an activist investor at Exxons shareholder meeting later this month, after it voiced concerns about the oil giants environmental practices. Legal & General, one of Exxon Mobil’s major investors, has said it will back an activist hedge fund at Exxon’s shareholder meeting later this month, after the fund raised climate-related concerns about Exxon’s practices. US oil producer Exxon is battli...
United Kingdom General United Kingdom Kenneth Frazier Kaisa Hietala Alexander Karsner Gregory Goff
Source: cityam.com

The other dirty gas

POLITICO Get the POLITICO Long Game newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Updated Presented by JPMorgan Chase & Co. First this: Colonial Pipeline, which delivers 45 percent of the East Coast’s fuel, should be b...
United States United Kingdom France General Zuid Holland Saudi Arabia World Bank

Investor Legal & General backs activist in Exxon proxy battle - Netscape Money & Business

Investor Legal & General backs activist in Exxon proxy battle By Jennifer Hiller Reuters HOUSTON (Reuters) - Britains biggest asset manager, Legal & General, on Tuesday said it will vote for an activist hedge funds board slate at Exxon Mobils shareholder meeting later this month, fueling a pitched fight over the oil majors future. Top U.S. oil producer Exxon is battling hedge fund Engine No. 1 over four seats on its 12-member board and the direction of the company. The fund has criticized E...
New York United States United Kingdom Kenneth Frazier Kaisa Hietala John Hoeppner

FREE VIRTUAL EVENT: Future of Finance, Digital Banking Transformation

David Tyrie, Head of Digital, Bank of America John Hoeppner, Head of US Stewardship and Sustainable Investments, Legal & General Investment Management America (LGIM America)  Karen Karniol-Tambour, Co-Chief Investment Officers for Sustainability, Bridgewater Associates Lia Cao, Head of Wholesale Payment Solutions, JPMorgan Chase Matthew Sueoka, Vice President and Head of Global Strategy, Partnerships & Enablement, Amex Digital Labs Michael Sonnenshein, CEO, Grayscale Investments Register For �...
United States David Tyrie Karen Karniol Michael Sonnenshein John Hoeppner Matthew Sueoka

Shareholders target 'white man's world' with record demands for diversity data

Shareholders target ‘white man’s world’ with record demands for diversity data POLITICO 25 mins ago By Lorraine Woellert, Catherine Boudreau and Kellie Mejdrich © Richard Drew/AP Photo Amazon, JPMorgan, Johnson & Johnson and other household-name companies are fighting shareholder proposals to put diversity questions up for a vote. U.S. companies are coming under intense pressure to diversify their executive ranks, with shareholders more than doubling their formal dema...
United States Dana Fanelli Goldman Sachs Michael Fusco George Floyd Gregory Meeks
Source: msn.com

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