MARKETS

Activist investors steal the show at US AGMs

SHAREHOLDERS at annual general meetings held by ExxonMobil and Chevron have voted for resolutions by activist shareholder groups in a first for the US giants.

Activist investors steal the show at US AGMs

Two of the four board members recommended by activist hedge fund Engine No.1 were elected to the Exxon board. The motion had strong support from a series of proxies and is seen as a large setback for...

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