Amazon Warehouse Workers Push for Changes at Annual Meeting businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.
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 explorer to embrace a transition away from fossil fuels and end a decade of what it calls “value destruction.” Shareholders are set to gather virtually for their annual meeting on May 26.
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/Bloomberg
Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape.
Thank you for signing up to our newsletter.
Exxonâs 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 Exxonâs board in an effort to force the Western worldâs largest oil explorer to embrace a transition away from fossil fuels and end a decade of what it calls âvalue destruction.â Shareholders are set to gather â virtually â for their annual meeting on May 26.
Exxon’s activist investor gains an unusual ally in its push for change
The Irving-based oil giant’s CEO tells CNBC that it offered to work with Engine No. 1.
The sign on April 28 at an Exxon service station in Philadelphia.(Matt Rourke)
11:34 AM on May 14, 2021 CDT
An investor pushing for changes at Exxon Mobil Corp. got a boost from a prominent advisory firm, which urged shareholders to support some of the activist’s board nominees.
Institutional Shareholder Services Inc. weighed in Friday on the months-long fight between Engine No. 1 and the oil and gas giant. It recommended investors vote May 26 for three of the four nominees from Engine No. 1′s slate: Gregory Goff, Kaisa Hietala, and Alexander Karsner.