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Activist Voters Planning Dissent at ExxonMobil and Chevron Meetings
Posted on 5/14/26 at 7:59 pm
Posted on 5/14/26 at 7:59 pm
I was reading an article for the details and found this little gem interesting -
So basically activists want the right to buy massive amounts of stock so they can automatically vote against anything the board recommends to cripple the company. This is what the world has come to.
Reuters
quote:
ISS also advised approving a proposal ?that Exxon add more options to its retail voting program, including an ?option for retail investors to automatically vote against the board's recommendations.
So basically activists want the right to buy massive amounts of stock so they can automatically vote against anything the board recommends to cripple the company. This is what the world has come to.
Reuters
10
Posted on 5/14/26 at 8:33 pm to Ramblin Wreck
Can't I already go vote against board proposals, as a share holder - I am confused?
Posted on 5/14/26 at 8:41 pm to rocksteady
quote:
already go vote against board proposals, as a share holder
I don't get it either. I voted in two shareholder proposals last week. If the board proposes KPMG or PwC as an auditor, it's a no from me dawg.
I'm guessing it's some sort of attempt to get shareholders to "pledge" their votes to whatever their climate version of the SPLC says, and permit them to vote on their behalf (which I don't know if legal or not.) The purpose would be to engage the non institutional shareholders to have their votes cast. But, you have to be an absolute retard to think that retail investors have any stroke against Schwab, Fidelity, etc.
Posted on 5/14/26 at 8:46 pm to LemmyLives
Pretty sure this stuff is happening all the time, and the activists are always ACTIVELY voting against the board.
Sounds like exxon is tired of their shite, and wanted to enable an option for ordinary people like myself who own the stock to AUTO cast votes in agreement with the board, because the vast majority of people would, they just don't ever vote - leaving the board to deal with annoying fagots whose actual job is to keep actively voting against them.
The gay activists want another option, in opposition to exxon wanting an auto YES, for an AUTO NO
Sounds like a whole lot of nothing if AI is accurate.. they both want "standing voting instructions" options for retail investors. The standing voting YES would likely always win, so let these retards have the NO if they want to :D
edit: with no knowledge on the topic, I would find it odd if large amounts of retail investors owned oil stocks just to try and vote against the board
Sounds like exxon is tired of their shite, and wanted to enable an option for ordinary people like myself who own the stock to AUTO cast votes in agreement with the board, because the vast majority of people would, they just don't ever vote - leaving the board to deal with annoying fagots whose actual job is to keep actively voting against them.
The gay activists want another option, in opposition to exxon wanting an auto YES, for an AUTO NO
Sounds like a whole lot of nothing if AI is accurate.. they both want "standing voting instructions" options for retail investors. The standing voting YES would likely always win, so let these retards have the NO if they want to :D
edit: with no knowledge on the topic, I would find it odd if large amounts of retail investors owned oil stocks just to try and vote against the board
This post was edited on 5/14/26 at 8:48 pm
Posted on 5/14/26 at 8:50 pm to rocksteady
quote:
I am confused?
I own stock and don’t vote but my shares are set up to automatically place votes for whatever the board recommends. I assume that the board has the company’s best interest in mind. These people want the ability to automatically have votes just the opposite no matter what the resolution is. Kind of like people being against whatever a particular political party brings to a vote even if it solves every problem in the world.
Posted on 5/14/26 at 8:51 pm to Ramblin Wreck
PETA at least did cool shite like dangle over the Mississippi river
Posted on 5/14/26 at 8:51 pm to rocksteady
Yes you can vote against the board selections. Exxonmobil chooses to include an option to vote straight board recommendations. This seems to be a plea for a straight against board recommendations should be added. It seems trivial to me but as a retired former owner of ExxonMobil stock it seems there is a lot of discontent stirring over these votes much like when Engine 1 was able to add a board member. I recently received a call from ExxonMobil requesting I select the option to vote straight board recommendations. That is the first time in 35 years of owning ExxonMobil stock that has happened. The poor lady was somewhat flabbergasted when I explained that I sold my last share of that shite stock as soon as I retired.
Posted on 5/14/26 at 8:54 pm to Ramblin Wreck
Yeah, I get it now - I don't think it's a big deal really if my quick research is correct.
They can already buy large amounts of stock of vote in opposition, just not automatically... but they already do it manually. Would be weird if they find a meaningful amount of retail people like us who own exxon, want to oppose the board, but just hadn't done so because their votes didn't have an auto-cast option :D
They can already buy large amounts of stock of vote in opposition, just not automatically... but they already do it manually. Would be weird if they find a meaningful amount of retail people like us who own exxon, want to oppose the board, but just hadn't done so because their votes didn't have an auto-cast option :D
Posted on 5/14/26 at 8:58 pm to Ramblin Wreck
quote:
Activist Voters
Worthless, miserable, humans!
Posted on 5/14/26 at 9:39 pm to Ramblin Wreck
Elliott Mgmt is way far ahead of them
Posted on 5/14/26 at 10:28 pm to Ramblin Wreck
quote:
So basically activists want the right to buy massive amounts of stock so they can automatically vote against anything the board recommends to cripple the company. This is what the world has come to.
This is why leftists bought a ton of cheap stock of oil companies with the covid crash in March of 2020. Leftist buying stocks up and then dangling cash in front of corporations struggling with shutdowns were a big part in how quickly they all jump fully onto the blm and inequity bandwagons during and right after the summer of love. It’s also why they later got pissed at Musk for buying Twitter and taking a part of one of their tools to control the narrative.
You can see a pattern in their recommendations
Large Red State
quote:
Exxon investors should vote against the company's proposal to change its incorporation from New Jersey to Texas because the move could restrict stockholder rights and make it more difficult to seek legal recourse, Glass Lewis and ISS said in reports this month.
Former governor of a red state and former Ambassador under Trump during Trump’s first term.
quote:
Glass Lewis said Chevron shareholders should not reelect former Utah Governor Jon Huntsman Jr. to the board, given that he holds an executive role at Mastercard and also serves on Ford Motor's board, which could affect his time commitment to Chevron.
This post was edited on 5/15/26 at 10:02 am
Posted on 5/15/26 at 7:20 am to Ramblin Wreck
There’s been a war against companies by the Marxist left since Obama using the same tactics.
Posted on 5/15/26 at 8:30 am to Ramblin Wreck
quote:
I assume that the board has the company’s best interest in mind. These people want the ability to automatically have votes just the opposite no matter what the resolution is.
They don't realize (or care, or both) that boards have a fiduciary duty. Often the stances of these groups are contrary to that as they are chasing the latest social cause du jour, even going to the point of trying to justify them through the most embarrassingly flimsy of strawman arguments.
Posted on 5/15/26 at 9:19 am to Ramblin Wreck
quote:I knew something was up because I've gotten about 5 emails from Exxon's Investor Relations asking me to vote my shares.
Activist Voters Planning Dissent at ExxonMobil
I've also gotten one phone call from someone with a foreign accented voice, (maybe a Rasheed or Muhammed?) asking me to give his organization my proxy for my shares. He then launched into a diatribe explaining how corrupt and evil the Exxon Board of Directors is. That's when I hung up on him.
That's a first for me...
Posted on 5/15/26 at 9:28 am to Ramblin Wreck
If they have enough votes then sure.. crush the company and open yourself up to litigation. Boards have fiduciary responsibility that doesn’t include killing the company.
Posted on 5/15/26 at 9:41 am to rocksteady
quote:
wanted to enable an option for ordinary people like myself who own the stock to AUTO cast votes in agreement with the board
I believe I did see something to that effect recently. I do almost always vote in accordance with the board’s recommendations however, I don’t want anyone auto-voting for me in any way, for or against.
I remember a couple of years ago when some asshats sent out alternate proxies to try to fool the voter base into replacing the board with themselves. I resent that shite.
Posted on 5/15/26 at 10:56 am to Ramblin Wreck
quote:
So basically activists want the right to buy massive amounts of stock so they can automatically vote against anything the board recommends to cripple the company.
This seems like a very limited strategy. It takes real money to buy enough Exxon stock to accomplish that, and an accompanying result is that your shares would radically depreciate. Then whatever fields Exxon was going to develop would be developed by someone else.
Posted on 5/15/26 at 12:18 pm to Ramblin Wreck
quote:
activists want the right to buy massive amounts of stock s
With what ?
Do you really think these clowns have money ?
Posted on 5/15/26 at 1:34 pm to russinbr
quote:
The poor lady was somewhat flabbergasted when I explained that I sold my last share of that shite stock as soon as I retired.
That shite stock, as you refer to it, has gone up 44% in value in the last year. What is your criteria for a good stock performance? LOL
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