Activist firm wins two ExxonMobil board seats in black eye for CEO Darren Woods
Result for Engine No 1 is one the biggest activist upsets in recent years and an embarrassment for US oil giant
26 May 2021 - 22:57
ExxonMobil CEO Darren Woods on Wednesday suffered one of the biggest setbacks of his career at the hands of a tiny activist investment firm established less than six months ago.
At least two of the activist’s nominees won seats on ExxonMobil’s board, despite the CEO’s vocal opposition and an all-hands-on-deck battle by the oil giant to defeat the activists...
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