1. BlackRock Inc.

    0 Comments Leave a Comment

    1-15 of 24 1 2 »
    1. Mentioned In 24 Articles

    2. Starboard’s Smith Says ESG Activists Need to Deliver for Credibility

      Starboard’s Smith Says ESG Activists Need to Deliver for Credibility
      (Bloomberg) -- Activist investor Jeff Smith said Exxon Mobil Corp.s revamped board will have to deliver the changes a tiny investor promised during its proxy fight in order for that campaign to be a watershed moment for environmental, social and governance investing. Newly formed Engine No. 1 won an upset victory over Exxon this month by winning three seats on the board of the oil and gas giant despite owning ...
      Read Full Article
    3. Shareholder Activism and ESG: What Comes Next, and How to Prepare

      Shareholder Activism and ESG: What Comes Next, and How to Prepare
      The recent successes of shareholder activists against Big Oil[1]this proxy season are one of many signs of mounting and effective pressure from investors on public companies to enhance their performance and disclosures on environmental, social, and governance (ESG) criteria. As ESG rises in prominence among investors, activist shareholders have at their fingertips new and potent themes from ESGs repertoire of concepts and criteria to use in campaigns to ...
      Read Full Article
    4. Contract Tweak Saves CEO Culp’s $124 Million Haul at GE

      Contract Tweak Saves CEO Culp’s $124 Million Haul at GE
      (Bloomberg) -- Larry Culp needed a mega-million do-over. The pandemic was tanking General Electric Co. stock and pushing Culps big prize -- a $232 million equity windfall -- out of reach for the top executive. Before long, he got his do-over: GEs directors shifted the goal line for the haul by cutting his targets in half...
      Read Full Article
    5. Exxon Activist Wins Board Seats in Historic Climate Victory

      Exxon Activist Wins Board Seats in Historic Climate Victory
      (Bloomberg) -- Exxon Mobil Corp. CEO Darren Woods was dealt a stunning defeat by shareholders when a tiny activist investment firm snagged at least two board seats and promised to push the crude driller to diversify beyond oil and fight climate change. For Woods, who had aggressively opposed the insurgents, it was just the latest setback in a rocky 4 1/2-year tenure that has seen what was once the worlds ...
      Read Full Article
    6. BlackRock Shareholders Elect Verizon CEO Hans Vestberg to Board

      BlackRock Shareholders Elect Verizon CEO Hans Vestberg to Board
      (Bloomberg) -- BlackRock Inc., the worlds biggest asset manager, added Verizon Communications Inc. Chief Executive Officer Hans Vestberg to its board. Vestberg, 55, who was nominated in March, was elected Wednesday during BlackRocks annual meeting. He replaces Mathis Cabiallavetta, who didnt stand for re-election and had been a director since 2007...
      Read Full Article
    7. IBM Turnabout Adds Pressure to Keep Corporate Diversity Promises

      IBM Turnabout Adds Pressure to Keep Corporate Diversity Promises
      (Bloomberg) -- The year 2021 is shaping up to set records for diversity proposals at U.S. company annual meetings.Nine out of 10 investors backed a call last month for International Business Machines Corp. to produce an annual diversity report. Five other companies, including renewable energy firm First Solar Inc. and chemical giant DuPont de Nemours Inc., saw more than 80% of shareholders backing diversity proposals...
      Read Full Article
    8. Credit Suisse’s New Chairman to Decide If Deal Is the Answer

      Credit Suisse’s New Chairman to Decide If Deal Is the Answer
      (Bloomberg) -- The damage control work at Credit Suisse Group AG from a pair of disasters that stunned the banking world will soon give way to the question of how the 165-year-old institution will rehabilitate its business and reputation. A new chairman, Lloyds Banking Group Plc chief Antonio Horta-Osorio, arrives in three weeks...
      Read Full Article
    9. Vanguard to Push Companies on Racial Diversity Next Year

      Vanguard to Push Companies on Racial Diversity Next Year
      (Bloomberg) -- Vanguard Group Inc. said it plans to vote against company directors who fail to push for greater racial and gender diversity on their boards. The money manager, which oversees $6.3 trillion, acknowledged that corporations are in the early stages of developing their boardroom diversity strategies, and that regional differences and regulations need to be considered...
      Read Full Article
    10. Are Exxon’s New Emissions Targets Enough for BlackRock?

      Are Exxon’s New Emissions Targets Enough for BlackRock?
      (Bloomberg Opinion) -- It is possible, of course, that Exxon Mobil Corp.s Monday-morning announcement of new emissions targets has nothing to do with the recent arrival of an activist shareholder calling for a more sustainable strategy at the oil major. Exxon took the trouble to say the plan is the result of several months of detailed analysis, and, with 2020 targets about to be yesterdays news, an update of some ...
      Read Full Article
    11. Exxon Under Pressure From New Activist Fund

      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 ...
      Read Full Article
    12. 1-15 of 24 1 2 »
  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content