What happened to private property rights, Exxon? If the shareholders want to shut down the company to protect the rest of their portfolio, shouldn’t they have that right according to capitalist ideology?
this post was submitted on 12 Feb 2024
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Oh, no. It's only capitalism if we are transferring wealth upwards and destroying the planet. Anything else political.
Capitalism has officially jumped the shark.
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.”