Will Activist Investors Succeed In Transforming ExxonMobil? ...Middle East

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Will Activist Investors Succeed In Transforming ExxonMobil?
source : OILPRICE ( Middle East ) () 8
As Oil Price readers know, the tiny activist hedge fund, Engine No. 1, challenged management and won three seats on Exxon’s board of directors back in late May. There is nothing unusual in the fiercely competitive US corporate world about hedge funds managers trying to influence top management to increase their and other shareholder’s wealth more expeditiously. But because of Exxon’s size and its large number of shareholders, it is difficult to launch this type of attempt at shareholder democracy. To make the task more difficult,…

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