Reported 4 months ago
Exxon Mobil stockholders overwhelmingly supported the company in its dispute with activist investors and CalPERS, voting to retain CEO Darren Woods and current directors on the board with 95% of outstanding shares cast. Shareholders rejected environmental proposals related to executive pay incentives for greenhouse gas emissions and plastic production. CalPERS had recommended unseating Woods and the board due to a lawsuit against activist investors, but the vote outcome reaffirms Exxon's focus on value creation and adherence to regulations, signaling a victory for the company.
Source: YAHOO