Tag

Corporate Activism

All articles tagged with #corporate activism

Microsoft Faces Escalating Employee Protests Over Gaza and Military Ties

Originally Published 4 months ago — by The Verge

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Source: The Verge

Microsoft employees and activists have escalated protests against the company's contracts with the Israeli military and government, including disruptive actions at events and targeting executives' homes, demanding Microsoft end its ties and support Palestinian rights.

"Exxon Mobil's Battle with ESG Shareholders: A Warning to Investors"

Originally Published 1 year ago — by Semafor

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Source: Semafor

Exxon's resistance to shareholder activism signals a shift away from the era of corporate ESG (environmental, social, and governance) initiatives, as companies backtrack on diversity targets, minority vendor contracts, and commitments to social causes. The lawsuit filed against Exxon in Texas by shareholder activists may mark the end of the corporate ESG movement, reflecting a broader trend of companies prioritizing bottom-line concerns over progressive demands.

Federal Investigation and Short Seller Report Cause Icahn's Company Stock to Plummet

Originally Published 2 years ago — by The New York Times

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Source: The New York Times

Carl Icahn's investment firm is facing a federal inquiry into its management and operations after a short seller's report accused the company of running "Ponzi-like economic structures." Shares of Icahn Enterprises have fallen nearly 40% since the report was released. The firm has stated that federal prosecutors have not made any claims or allegations against them or Mr. Icahn. The billionaire activist investor has pledged the majority of his shares in the company as collateral for bank loans. Icahn plans to focus more on corporate activism in the future.