CalPERS Withholds Support for Exxon's CEO Following Lawsuit Against Activist Investors

Monday, 20 May 2024, 18:17
In a significant turn of events, CalPERS decides to withhold support for Exxon CEO Darren Woods in response to the company's legal actions against environmentally focused activist investors. The move comes after an 'anti-ESG' lawsuit that has stirred controversy within the financial community, signaling potential repercussions for Exxon's leadership in the face of mounting opposition. This development highlights the growing tension between traditional energy companies and ESG advocates, impacting Exxon's corporate governance and investor relations.
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CalPERS Withholds Support for Exxon's CEO Following Lawsuit Against Activist Investors

CalPERS Takes Stand Against Exxon

In a surprising move, CalPERS decides to withhold support for Exxon CEO Darren Woods

Legal Battle Escalates

Exxon faces backlash after suing environmentally focused activist investors.

  • CalPERS withdraws support for Exxon's CEO
  • Activist investors targeted by company lawsuit

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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