A view of California Public Employees’ Retirement System (CalPERS) headquarters in Sacramento. REUTERS/Max Whittaker CalPERS, the biggest public pension plan in the United States, said on Monday it would vote against all Exxon Mobil board members at its upcoming annual meeting on May 29, citing the oil major’s legal action against activist investors. Exxon, which is frequently the focus of critical shareholder resolutions, filed a lawsuit earlier this year seeking to block a vote on a climate proposal submitted by two small activist investors, sidestepping the usual regulatory process to fend off similar measures. The investors withdrew their resolution but Exxon continued the laws
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