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…