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Exxon Taps Retail Investors With Auto-Voting Tool to Fend Off Climate Activists
Yahoo Finance· 2025-09-16 03:30
`` ExxonMobil has moved to strengthen its hand against climate-focused investor campaigns by introducing an auto-voting system for its massive retail shareholder base, Reuters reported on Monday. The plan, approved under a “no-action” letter from the SEC, will allow individual investors to opt in and have their votes automatically aligned with management recommendations unless they explicitly choose otherwise. `` ```` The company is targeting its so-called “mom-and-pop” shareholders, who collectively hold a ...