@RobertGReeve: I'm back from a week at my mom's house and now I'm getting ads for her toothpaste brand, the brand I've been putting in my mouth for a week. We never talked about this brand or googled it or anything like that.
As a privacy tech worker, let me explain why this is happening.
Exxon Mobil Corp., once a global superpower that could bend governments to its will, is locked in a battle against an upstart investor that wants to shake up the oil giant’s board.
The investor, Engine No. 1, has a stake valued at about $50 million, making it a niche player at the $253 billion company. But it has rallied a critical mass of institutional support to do what decades of environmental and shareholder activism never could: put Exxon Mobil on defense.
“There’s never been a campaign like the one at Exxon,” said Andrew Logan, senior director of oil and gas at the sustainable finance group Ceres. “You don’t get endless shots at reforming the Exxon board.”
Exxon Mobil shareholders on Wednesday will vote on whether to install Engine No. 1’s four dissident candidates on the 12-member company board.
DBD 5-25-2021: Routine
https://twitter.com/RobertGReeve/status/1397032784703655938?s=20
@RobertGReeve: I'm back from a week at my mom's house and now I'm getting ads for her toothpaste brand, the brand I've been putting in my mouth for a week. We never talked about this brand or googled it or anything like that.
As a privacy tech worker, let me explain why this is happening.
Interesting development; non-ideological argument:
Exxon Mobil Corp., once a global superpower that could bend governments to its will, is locked in a battle against an upstart investor that wants to shake up the oil giant’s board.
The investor, Engine No. 1, has a stake valued at about $50 million, making it a niche player at the $253 billion company. But it has rallied a critical mass of institutional support to do what decades of environmental and shareholder activism never could: put Exxon Mobil on defense.
“There’s never been a campaign like the one at Exxon,” said Andrew Logan, senior director of oil and gas at the sustainable finance group Ceres. “You don’t get endless shots at reforming the Exxon board.”
Exxon Mobil shareholders on Wednesday will vote on whether to install Engine No. 1’s four dissident candidates on the 12-member company board.
https://www.politico.com/news/2021/05/25/tiny-player-big-oil-defense-490744
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