Inside Exxon’s Board Fight
Key moments in the oil giant’s battle with an activist investor.
By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni
Behind the scenes in the battle over Exxon’s board
Exxon Mobil’s defeat by a new activist investor, Engine No. 1, at its annual meeting on Wednesday is still reverberating around Wall Street. Shareholders voting against management to install at least two new board members is seen as both a milestone for climate-focused investing and the emergence of a new force in shareholder activism. DealBook has the behind-the-scenes dish on the most important moments in the battle.
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