CalPERS to Oppose All Exxon Director Nominees Over Lawsuit Against Activist Investors

CalPERS Takes a Stand Against Exxon

California Public Employees’ Retirement System Takes a Strong Stance

The California Public Employees’ Retirement System, commonly known as CalPERS, announced on Monday its decision to vote against all 12 director nominees at Exxon. This startling move comes in response to Exxon’s recent legal battle against activist investors.

CalPERS Speaks Out Against Exxon’s Legal Actions

CalPERS Voices Concerns Over Exxon’s Lawsuit

In a letter addressed to its members and posted online, CalPERS expressed deep concerns over the potential implications of Exxon’s lawsuit. The system warned that if successful, this legal action could significantly undermine the role and rights of every investor in their efforts to drive a company’s performance and bottom line.

Exxon Shareholder Meeting Draws Near

Mark Your Calendars: May 29 is Exxon’s Shareholder Meeting

As the tension between CalPERS and Exxon escalates, the spotlight turns to Exxon’s upcoming shareholder meeting scheduled for May 29. This critical event is set to be a pivotal moment in determining the future direction and leadership of the oil and gas giant.