A tiny player has Big Oil on defense

.cms-textAlign-left{text-align:left;}.cms-textAlign-center{text-align:center;}.cms-textAlign-right{text-align:right;}.cms-magazineStyles-smallCaps{font-variant:small-caps;}

Exxon Mobil Corp., once a global superpower that could bend governments to its will, is locked in a battle against an upstart investor that wants to shake up the oil giant’s management.

The investor, Engine No. 1, has a stake valued at about $50 million, making it a niche player at the $253 billion company. But it has rallied a critical mass of institutional support to do what decades of environmental and shareholder activism never could: put Exxon Mobil

→ Continue reading at Politico

[ufc-fb-comments url="http://www.newyorkmetropolitan.com/news/a-tiny-player-has-big-oil-on-defense"]

Latest Articles

Related Articles