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Exxon, activist spend over $65 million in battle for oil giant's future By Jennifer Hiller and Svea Herbst-Bayliss Reuters HOUSTON (Reuters) - Exxon Mobil Corp and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest U.S. oil producer marshalling executives, TV appearances, social media and websites to rebut the challenge. The David-and-Goliath fight has Exxon determined to block Engine No. 1's four nominees at its May 26 shareholder meeting, while urging shareholders reject proposals to split its chairman and chief executive roles...

Posted on 8649 Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation cloud-native SaaS and on-premise hospitality software solutions and services, and CITCON, the leading mobile payment platform, today announced a new partnership to increase market presence for both companies by enabling global hospitality providers to provide travelers access to mobile wallet solutions from around the world. CITCON is a leading mobile wallet payment provider globally. The technology company offers a variety of wallet brands i...

WhatsAppLINKEDINFACEBOOKTWITTERPRINTMORE WhatsAppLINKEDINFACEBOOKTWITTERPRINTMORE Date: 11 January 2021Source: www.northglass.global Photo source Date: 11 January 2021 The signing ceremony of Luoyang NorthGlass SiNest New Material Co., Ltd. and Matrass C-Graphene Industry Group Limited was held in Luoyang on December 20, 2020. This time, the signing of cooperation between the two companies have important strategic significance for developments in the field of new building materials in the future. Light microcrystalline stone——SiNest The new building material “light microcrystalline ston...

Don’t Let the Short-Termism Bogeyman Scare You Summary.    The author, a professor at Harvard Law School, argues that concerns about the perils of short-termism—and support for measures that would insulate corporate leaders from the outside pressures that allegedly make them myopic—are long on alarming rhetoric and short on empirical evidence or economic logic. Furthermore, he writes, the threat of hedge fund activism should be expected to discourage managerial slack and underperformance, thus playing an important disciplinary role and incentivizing leaders to enhance shareholder v...

Tech News: Corporate reporting by machines By Opinion By Professor Louis C H Fourie OVER the years annual reports and other disclosures have been opportunities for companies to communicate their financial health, to promote the culture and brand of the company and to engage with a full spectrum of stakeholders. The processing of this wealth of information significantly affects the perception and participation of stakeholders in the business. After all, what investors think of a company is critical to its success. These mandatory and voluntary reports, often consisting of hundreds of pages, b...