(Bloomberg) -- Fossil fuel companies should face probes on whether theyre using loophole-ridden environmental, social and governance goals to boost executive pay while contributing to environmental destruction, Senator Elizabeth Warren said, adding to her calls to rein in CEO compensation...

Following last Wednesday's shareholders' meeting, Marathon Petroleum Corp. (NYSE:MPC) has announced that its "Say-On-Pay" was defeated by the largest margin so far this year at an SP 500 company...

(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 ...

(Bloomberg) -- Japanese dealmaking was resurgent in the second half of 2020, with acquisitions dropping only slightly from 2019 to about $140 billion after the pandemic depressed deals in the first half of the year...

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 ...

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 ...

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...

Marathon Petroleum Corp.(MPC) has appointed Jonathan Cohen to the companys board of directors, followingan agreement with Elliott Management...

FINDLAY, Ohio,Dec. 16, 2019/PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) today announced that it has entered into an agreement with Elliott Management and will appointJonathan Z. Cohento the company's board of directors, effectiveDec. 16, 2019...

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...

Those of you who we have spoken with agree that the board must immediately modernize corporate governance , institute more transparent financial...

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...