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(Reuters) - Jeffrey Ubben, a hedge fund veteran in talks to join Exxon Mobil Corp’s board, is seeking to raise as much as $8 billion for his new socially and environmentally conscious fund, according to people familiar with the matter.
Jeffrey Ubben, Founder & CEO at ValueAct Capital, poses for a portrait before speaking on the Reuters Newsmaker event The Future of Shareholder Activism panel in Manhattan, New York, U.S., February 22, 2017. REUTERS/Andrew Kelly
This would be the first fund Ubben has amassed since he launched his new firm, Inclusive Capital Partners, last summer. He left ValueAct Capital, the activist hedge fund he co-founded in 2000, while retaining stewardship of the ValueAct Spring Fund, a $1.2 billion capital pool focused on environmental, social and corporate governance (ESG) investing.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/exxon-considering-to-add/"></div>(Reuters) – Activist investor Jeff Ubben is being considered for a board seat at Exxon Mobil Corp, Bloomberg News reported on Thursday, citing people familiar with the matter. Ubben’s investment firm Inclusive Capital Partners is also discussing taking a stake in the U.S. oil producer if he was appointed to the board, according to the […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/exxon-considering-to-add/"></div><!
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Does Only ‘The Planet’ Have a Future, or Do We?
Feb. 1 , 2021 (EIRNS) When we think of a better future, we mean it for our children and grandchildren, our nation or “ourselves and our posterity” as the Constitution’s Preamble puts it; we’d like to be able to conceptualize a brighter future for the people of the world as a whole. We hope that more creative ideas from coming generations, and more human compassion, will improve the lives of billions. But a certain Mark Carney doesn’t believe we should be able to think about our future at all it prevents us thinking about the future of “the planet.”
SPACs sound arcane, but make buckets of money for Indy investors
FREE NEWSLETTERS Novus Capital Corp. agreed to buy Kentucky-based AppHarvest in September. The indoor-farming company lost $8.1 million in the first nine months of 2020 but reached a milestone this week when it began shipping its first harvest of beefsteak tomatoes to grocers. (AP photo)
A nontraditional way to take companies public is booming on Wall Street and making bucketsful of money for some Indianapolis businesspeople engineering the deals.
That certainly applies to the roughly 20 founders of Indianapolis-based Novus Capital Corp., including Chairman Bob Laikin, who collectively have paper profits of $122 million since creating their business in March.
Press release content from Business Wire. The AP news staff was not involved in its creation.
AppHarvest Hires Impossible Foods’ David Lee as President
January 7, 2021 GMT
AppHarvest Hires Impossible Foods’ David Lee as President (Photo: Business Wire)
MOREHEAD, Ky. (BUSINESS WIRE) Jan 7, 2021
AppHarvest, the leading AgTech company building some of the country’s largest indoor farms and combining conventional agriculture techniques with cutting-edge technology to grow affordable, nutritious fruits and vegetables at scale, has appointed David Lee president, reporting to Founder & CEO Jonathan Webb effective Jan. 25.
AppHarvest Hires Impossible Foods’ David Lee as President (Photo: Business Wire)
In this newly created role, Lee will develop strategy and engage in operations management, leading the sales, marketing and finance functions as AppHarvest continues to grow as a sustainable fresh foods company.