ExxonMobil (XOM) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) It was a stunning moment for Exxon Mobil Corp. and the wider corporate world: a tiny activist fund had succeeded in changing the company’s board.
In the hotly contested board director election at ExxonMobil, activist hedge fund Engine No. 1 prevailed. Two of their nominees, Greg Goff and Kaisa Hietala, were elected. This is a stunning rebuke from investors to the company for its unwillingness to adapt its strategy for the energy transition.