Hedge fund Engine No. 1 wins at least 2 Exxon board seats in climate push

It's the first time climate change activists have succeeded in challenging a big oil company, says business professor Erik Gordon.
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.
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Union and advocacy groups seek corporate change through shareholders

Apr 21, 2021
They're addressing institutional investors like hedge funds and asking managers to press for social justice.
Asset managers have a lot of sway over corporate decision-making, said Chris Baumann of the Service Employees International Union.
Jemal Countess/Getty Images for National Domestic Workers Alliance and Service Employees International Union

Shareholder meetings as a venue for political candidates

Jun 5, 2019
Democratic presidential candidate Bernie Sanders plans to speak at Walmart's annual meeting.
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Exxon investors want a bank-style stress test for climate change

Jun 29, 2017
Shareholders have voted for transparency on climate risk.
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All buy myself ... the thinking behind stock buybacks

by
Jun 15, 2016
Companies flush with cash often repurchase their own shares. But there are risks to doing so.
A cleaner sweeping the dealing floor of the New York Stock Exchange, circa 1935. 

 
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