{"id":410822,"date":"2021-04-16T08:46:21","date_gmt":"2021-04-16T03:16:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410822"},"modified":"2021-04-16T09:51:39","modified_gmt":"2021-04-16T04:21:39","slug":"exxon-activist-spend-over-65-million-in-proxy-battle-for-oil-giants-future","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-activist-spend-over-65-million-in-proxy-battle-for-oil-giants-future\/","title":{"rendered":"Exxon, activist spend over $65 million in proxy battle for oil giant&#8217;s future"},"content":{"rendered":"<p>Exxon Mobil Corp and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest US oil producer marshalling executives, TV appearances, social media and websites to rebut the challenge. <\/p>\n<p>The David-and-Goliath fight has Exxon determined to block Engine No. 1&#8217;s four nominees at its May 26 shareholder meeting, while urging shareholders reject proposals to split its chairman and chief executive roles, and block climate-related reports sought by other groups.<\/p>\n<p>Exxon has out gunned its tiny rival&#8217;s $30 million budget with spending the company expects will be about $35 million above its usual proxy solicitation costs, according to regulatory filings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil Corp and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest US oil producer marshalling executives, TV appearances, social media and websites to rebut the challenge. The David-and-Goliath fight has Exxon determined to block Engine No. 1&#8217;s four nominees at its May 26 shareholder meeting, while urging shareholders reject proposals to split its chairman and chief executive roles, and block climate-related reports sought by other groups. Exxon has out gunned its tiny rival&#8217;s $30 million budget with spending the company expects will be about $35 million above [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-410822","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=410822"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410822\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}