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Exxon CEO dealt stinging setback by tiny activist – The Australian Financial Review

Exxon Mobil CEO Darren Woods has been outmanoeuvred by a tiny activist firm, which snagged at least two board seats and promised to push the crude driller to fight…



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Last-minute efforts by Mr Woods and his team to appease climate-conscious investors and rebuff Engine No. 1s assault were to no avail.
Darren Woods has come from a long line of CEOs that have been very straightforward: its our ball, its our bat and were going to do what we want, said Mark Stoeckle, chief executive of Adams Express, which oversees $US2.8 billion in assets. When youre the biggest and the baddest you can get away with that. But you have to change with the times. The messaging has been…

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