Activist Investor Wins Exxon Board Seats In Day Of Reckoning For Big Oil ...Middle East

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Activist investor fund Engine No. 1 was victorious today in Exxon’s annual shareholder meeting on Wednesday. Engine No. 1, small though it may be, was successful in obtaining at least two board seats at the oil giant after a devastating battle over Exxon’s board of directors. The vote on a third Engine No. 1-supported candidate is for now undecided, as it is too close to call. Engine No. 1 proved unsuccessful in its fourth candidate. Engine No. 1 holds just a $54 million stake in Exxon. Exxon, for its part, managed to get eight of its…

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Last updated : 27 May 2021 clock 03:15 AM

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Activist Investor Wins Exxon Board Seats In Day Of Reckoning For Big Oil ...Middle East

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