Exxon Mobil objects to the Securities and Exchange Commission's rule on shareholder proposals. So why is it suing these small investors instead of the SEC?
(Bloomberg) -- Proxy adviser Glass Lewis & Co. is urging Exxon Mobil Corp. shareholders to oppose Lead Director Joseph Hooley’s reelection, citing “unusual and aggressive tactics” against activist investors. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyMacron Puts French Banks in Play With Plan to Transform EuropeChina to Start $13
Illinois state treasurer Michael Frerichs urged Exxon Mobil shareholders to vote against the election of CEO Darren Woods, as the oil major pursues a lawsuit against two shareholders, a filing showed on Monday. Frerichs also recommended voting against Exxon's Lead Independent Director Joseph Hooley at the company's annual shareholder meeting scheduled to take place on May 29.