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May 27, 2021

The little engine that did … shake up the Exxon boardroom

Activist hedge fund Engine No. 1, pushing for a change in Exxon Mobil’s climate strategy, got enough support from other shareholders to win at least two seats on the oil and gas company’s board. These types of challenges from activist investors tend not to get far. Plus, for the first time since President Joe Biden took office, the top trade representatives from the U.S. and China are talking. And, a study on the need for better, higher-paying jobs for young women as the pandemic recession recovery continues.

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The activist hedge fund Engine No. 1 yesterday won enough support from other shareholders to get at least two seats on the board of the oil company Exxon Mobil.
The activist hedge fund Engine No. 1 yesterday won enough support from other shareholders to get at least two seats on the board of the oil company Exxon Mobil.
Logan Cyrus/AFP via Getty Images

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