this post was submitted on 12 Feb 2024
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Why Exxon Is Suing Its Shareholders (www.desmog.com)
submitted 9 months ago by shreddy_scientist@lemmy.ml to c/green@lemmy.ml
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[–] lntl@lemmy.ml 5 points 9 months ago

In its complaint, Exxon maintained that the existing proposal and proxy voting process is “flawed,” arguing that it “does not serve investors’ interests and has become ripe for abuse by activists with minimal shares and no interest in growing long-term shareholder value.”