ExxonMobil in showdown with activist investor
Engine No. 1 has nominated four directors to the energy giant’s board and wants it to invest in more profitable drilling and clean energy
27 January 2021 - 15:10
New York — ExxonMobil is heading for a proxy showdown after activist investor Engine No. 1 formally nominated four directors to the board of the energy giant, which is facing growing calls to change its strategy.
Engine No. 1, which confirmed it nominated the slate of directors on Wednesday morning, has the backing of the California State Teachers’ Retirement System...
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