News Now

Column: In a major rebuke to Exxon Mobil, CalPERS will vote against its entire board

Headline: Column: In a major rebuke to Exxon Mobil, CalPERS will vote against its entire board
Publication: Los Angeles Times
Article Date: May 20, 2024

Exxon Mobil opted to continue its lawsuit against two activist investor groups. CalPERS, the largest public pension fund in the nation, announced Monday that it will vote against all 12 Exxon Mobil board members, including CEO Darren Woods, at the May 29 annual meeting. CalPERS says it’s acting because it judges the company’s campaign against the two investor groups to be “designed to punish” investors who “dared to speak truth to power.” Read More…

The text on this page and any links to articles are being provided as a convenience and for informational purposes only. The views expressed by the authors of the articles are theirs alone, and do not reflect the opinions of RESDC, nor do these links constitute an endorsement or an approval by RESDC. RESDC bears no responsibility for the accuracy, legality, or content of external sites or for that of subsequent links. Contact the external site for answers to questions regarding its content.