1. Marathon Petroleum Corp.

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    3. Exxon Is Said to Be in Talks With D.E. Shaw Over New Directors

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      Exxon Is Said to Be in Talks With D.E. Shaw Over New Directors
      (Bloomberg) -- Exxon Mobil Corp. is expected to announce board changes as soon as Tuesday, and talks are continuing with investor D.E. Shaw Co. that may lead to additional director nominations in the weeks ahead, according to people familiar with the matter. D.E. Shaw met with representatives from the oil giant on Friday and presented a list of potential directors, the people said, asking not to be identified because ...
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      Mentions: Bloomberg stock options Marathon Petroleum

    5. D.E. Shaw Is Said to Push Exxon to Cut Spending, Costs

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      D.E. Shaw Is Said to Push Exxon to Cut Spending, Costs
      D.E. Shaw Co. has built a sizable position in Exxon Mobil Corp. and is calling on the company to cut its spending to improve performance and maintain its dividend, according to people familiar with the matter. The investor on Tuesday sent a letter to Exxon arguing that changes are needed because the oil major has consistently underperformed rival Chevron Corp. , said the people, who asked not to be identified ...
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    6. Exxon Under Pressure From New Activist Fund

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      Exxon Under Pressure From New Activist Fund
      Exxon Mobil Corp. is facing the threat of a proxy fight from a newcomer activist investor with a sustainability bent that wants the beleaguered energy giant to act faster to remake itself. Engine No. 1 LLC, an investment firm launched by Chris James last week, is preparing to send a letter to Exxon's board urging the Irving, Texas-based company to focus more on investments in clean energy while cutting ...
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    7. Marathon Petroleum Corp. Board of Directors Elects John P. Surma as Chairman and Michael J. Hennigan as New Director

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      Marathon Petroleum Corp. Board of Directors Elects John P. Surma as Chairman and Michael J. Hennigan as New Director
      Marathon Petroleum Corp. (NYSE: MPC) announced today that board memberJohn P. Surmahas been elected by the board of directors to serve as non-executive chairman of the board. MPC also announced today that MPC President and Chief Executive OfficerMichael J. Henniganhas been elected to serve as a member of the board...
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      Mentions: NYSE Executive Chairman Marathon Petroleum

    10. Marathon Petroleum Bows to Activist Push With Spinoff, CEO Exit

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      Marathon Petroleum Bows to Activist Push With Spinoff, CEO Exit
      Marathon Petroleum Corp. buckled under pressure from shareholders and announced the spinoff of its retail fuel-station business and the departure of its Chairman and Chief Executive Officer, just five weeks after activist investor Elliott Management Corp. went public with demands for a radical overhaul of the company. Marathon confirmed the plan Thursday, along with a review of its pipeline business...
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    12. This CEO Makes 900 Times More than Company's Typical Employee

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      This CEO Makes 900 Times More than Company's Typical Employee
      If theres one thing that gets people more upset than high CEO pay , its when companies pay CEOs absurdly more than rank-and-file employees. Many big companies pay their CEOs 100 or even 300 times more than their typical workers. But the Wall Street Journal reports that one firm based in Ohio paid its CEO a whopping 935 times more than its median worker last year...
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      Mentions: Dodd-Frank Speedway Marathon Petroleum
    13. 1-11 of 11
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