Exxon Soars After Activists Jeff Ubben, Michael Angelakis Join Board Of Directors

zerohedge2021-03-01

Could Exxon wind up being the next ESG play?Shares of the oil and gas giant spiked Monday pre-market after CNBC's David Faberreportedthat Jeff Ubben would be joining the company's board. In addition, ...

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Comments

LiangChing
2021-03-02
LiangChing
Nice
- vincentlaubc:
  ?
Shifeng
2021-03-02
Shifeng
Activist doesnt change the company to proactive easily!
SNOOKER76
2021-03-02
SNOOKER76
Good call
AppleMango
2021-03-02
AppleMango
Please comment n like
Nagoken
2021-03-02
Nagoken
Good
JFK
2021-03-02
JFK
Noted.
- Nagoken:
  Goood

Leave a comment

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The goal of the fund was reportedly going to be looking at \"impact investing\", which aims to \"make systemic changes at companies and sectors to the betterment of society.\" As we said at the time:This, of course, would fit nicely if Ubben was looking to make a major operational, ideological (and PR) shift at an undervalued legacy oil and gas company like Exxon.In early February we reported that Ubben was considering a \"meaningful stake\" in Exxon and could, as a result, even wind up with a seat on the board.Ubben left ValueAct last year to start his own firm that is focused on investments in social and environmental 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doesnt change the company to proactive easily!&nbsp;","listText":"Activist doesnt change the company to proactive easily!&nbsp;","text":"Activist doesnt change the company to proactive easily!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362222668","repostId":1161689985,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":362287015,"gmtCreate":1614642913437,"gmtModify":1704773375718,"author":{"id":"3557114206468917","authorId":"3557114206468917","name":"SNOOKER76","avatar":"https://static.tigerbbs.com/44b1c02b5f7547ab7171d5320f9989e8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3557114206468917","idStr":"3557114206468917"},"htmlText":"Good call&nbsp;","listText":"Good call&nbsp;","text":"Good 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