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    2. BlackRock Voted Against 255 Directors Because of Climate Issues

      BlackRock Voted Against 255 Directors Because of Climate Issues
      BlackRock voted against 255 directors because of climate issues According to its stewardship report, the asset manager supported 35% of 843 shareholder proposals that it voted on in the recent proxy season, compared with 17% in the previous year. During the recent proxy season, BlackRock Inc. voted against more than four times the number of board directors it voted against last year because they failed to act on climate issues...
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    3. Shareholder Activism Campaigns Rebound Out of Pandemic

      Shareholder Activism Campaigns Rebound Out of Pandemic
      (Bloomberg) -- Shareholder activists, fresh from stepping up their campaigns by a third in the first half of the year, are expected to be emboldened by an economic rebound for the rest of 2021. The total number of activist campaigns launched through June 21 at companies with a market value of more than $1 billion reached 116, up from 87 over the same period in 2020 and 115 in 2019, according ...
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    4. 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 ...
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    5. 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 ...
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    6. 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...
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    7. 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 ...
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    8. 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...
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    9. 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...
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    10. 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...
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