Financial Times (May 28)
ExxonMobil’s annual general meeting should be “a wake-up call for other executives with a bunker mentality.” Engine No 1, an obscure hedge fund, got shareholders to elect two directors by focusing on economics, not ethics, arguing that “Exxon has been so slow to recognize the need for a transition away from fossil fuel that its revenues will crumble, destroying investor capital.” Today’s activists “are not just trying to save the world; they are also trying to save their own portfolios in a world where regulators are enforcing green standards.”
Tags: Activists, AGM, Bunker mentality, Capital, Directors, Economics, Engine No 1, Ethics, ExxonMobil, Fossil fuel, Hedge-fund, Investor, Portfolios, Revenues, Shareholders, Transition, Wake-up
Washington Examiner (December 28)
“Trump is headed for a wake-up call on reality of divided government. That’s not a bad thing…. The early realization that a Democrat-controlled House means more trouble than investigations and subpoenas might galvanize the president to sit down and make deals rather than simply making demands.”
Tags: Deals, Demands, Democrat, Divided government, House, Investigations, Subpoenas, Trump, Wake-up
