Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

744

(post is archived)

[–] [deleted] • 1 pt

I have about 1500 shares of XOM and voted against the Engine No 1 retards just for the reasons noted in the article. The stock has since fallen from about $64 to the current $52... fuck those assholes.

[–] • 1 pt

Dividends and long term looks good though.

[–] [deleted] • 1 pt

I was planning to hold for a while anyway, so it not a big deal. I have an approximately equal value in BP and RDS/A also. I didn't buy into CVX because they were way over valued, even at the worst of the pandemic.

[–] • 0 pt

"BlackRock, Vanguard and State Street" literally the controlling owners of every large corporation in every major sector. They own Exxon and installed their puppets. These weren't activists, these are cronies.

[–] • 0 pt

Those 3 companies combined, own 22.1% of XOM, sure they can have some influence but they don't have a controlling stake.

[–] • 0 pt

The next sentence said that the rest of the independent stock would not all be voted, but their blocks would. Hence, you got a slate of 3 board members elected against the wishes of the current board.

[–] • 0 pt (edited )

But those 3 board members have no vote because they won't vote along the same lines as management which has more seats at the table. At best these 3 dick holes are there to break a split decision. When 80% of the board votes along the same line they are effectively powerless. Now, not only are they powerless, but have demonstrated that they are unfit to lead.

Activists = bottom tier shills.

[–] • 0 pt

Yeah they tried to buy $40 million worth of shares and managed to get 3 people on the board. Furthermore their lack of leadership or plans going forward, and the lack of influence they have on the way the board votes means they're barely a paper tiger. Thankfully the board and the chairman are still in charge.