Impact investment in action : climate activists shake up Exxon's board /

A small hedge fund called Engine No. 1 shocked the oil industry recently when it triumphed in an aggressive fight against ExxonMobil to win three seats on the company's board. Engine No. 1 is one of a growing crop of hedge funds that engage in impact investing, whereby investors buy a stake in...

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Bibliographic Details
Main Author:	Rae, Madeline (Author)
Format:	eBook
Language:	English
Published:	London : SAGE Publications : SAGE Business Cases Originals, 2021.
Series:	SAGE business cases
Subjects:	Exxon Mobil Corporation > Case studies. Exxon Mobil Corporation. Boards of directors > Case studies. Impact investing > Case studies. Climatic changes > Economic aspects > Case studies. Conseils d'administration > Études de cas. Climat > Changements > Aspect économique > Études de cas. Boards of directors. Climatic changes > Economic aspects. Impact investing. Electronic books. Case studies.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	A small hedge fund called Engine No. 1 shocked the oil industry recently when it triumphed in an aggressive fight against ExxonMobil to win three seats on the company's board. Engine No. 1 is one of a growing crop of hedge funds that engage in impact investing, whereby investors buy a stake in a company with the hopes of retooling that company's strategy or values--in this case, Exxon's flagging response to climate change, which has contributed to the company's stock value steadily declining over the last five years. This case asks students to discuss Engine No. 1's strategy of impact investing and what changes the fund's newly won board seats might introduce to both Exxon and the oil industry in general.
Physical Description:	1 online resource : illustrations.
ISBN:	9781529789843 1529789842