ExxonMobil CEO Vows Legal Action Against Proxy Rule Abusers
XOMExxonMobil(XOM) ZACKS·2024-09-12 21:16

Exxon Mobil Corporation’s (XOM) CEO Darren Woods issued a clear message to activist shareholders on Tuesday to adhere to the established rules when filing proposals. Speaking via video link to the Council of Institutional Investors in New York, Woods warned that ExxonMobil is prepared to take legal action if shareholders attempt to "abuse" the proxy proposal process.XOM's Stance on the Proxy Proposal SystemEarlier this year, ExxonMobil sued two activist groups— Follow This and Arjuna Capital — after they fi ...