• Blue States Launch Coup Against Exxon Board, Red States Fight Back

  • May 25 2024
  • Duración: 30 m
  • Podcast

Blue States Launch Coup Against Exxon Board, Red States Fight Back Por arte de portada

Blue States Launch Coup Against Exxon Board, Red States Fight Back

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  • Resumen

  • A group of blue state officials are attempting to use their pension funds to kick out the board of ExxonMobil because the firm has successfully sued to block an attempt by an activist group to place a proposal on the company's ballot that is hostile to the oil and gas industry. In addition, these states are pressuring Blackrock, JPMorgan Chase, and other asset managers to also vote against the Exxon board. In this episode of Meeting of Minds, Louisiana Treasurer John Fleming explains that if this unprecedented act of intimidation were to succeed, how devastating it would be to his home state, America, and the world. The Treasurer tells why he has urged the pension plans of Louisiana not to participate in this blue state corporate coup attempt (Treasurer Fleming condemns plot to take over Exxon (kedm.org)), and why his fellow red state treasurers have urged America's largest asset managers also not to participate (U.S. Republican states support Exxon in shareholder activism dispute | Reuters). He explains that what is truly at stake is the modern economy itself.

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