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- A practical guide to SEC ï¬nancial reporting and disclosures for successful regulatory crowdfunding
- Quality shareholders versus transient investors: The alarming case of product recalls
- The Health Equity Accelerator at Boston Medical Center
- Monosha Biotech: Growth Challenges of a Social Enterprise Brand
- Assessing the Value of Unifying and De-duplicating Customer Data, Spreadsheet Supplement
- Building an AI First Snack Company: A Hands-on Generative AI Exercise, Data Supplement
- Building an AI First Snack Company: A Hands-on Generative AI Exercise
- Board Director Dilemmas: The Tradeoffs of Board Selection
- Barbie: Reviving a Cultural Icon at Mattel (Abridged)
- Happiness Capital: A Hundred-Year-Old Family Business's Quest to Create Happiness
Engine No.1: An Impact Investing Firm Engages with ExxonMobil
內容大綱
ExxonMobil, the world's fifth largest source of carbon emissions, remained committed to aggressively expanding its oil & gas business despite global warming. During the COVID pandemic this strategy resulted in massive losses as the price and demand for oil declined. In the summer of 2021, a start-up impact investing hedge fund, Engine No. 1, invested $38 million in ExxonMobil stock and mounted a proxy fight to change the company's direction by electing Directors experienced in renewable energy. Over fierce objections by management, Engine No. 1 won 3 board seats. By then, demand for oil had resumed and Exxon's strategy had begun to pay off. The case raises provocative questions about whether maximizing shareholder value required Exxon to use its existing resources to drive short term profits without regard to future consequences and environmental impact or, alternatively, to move beyond its core capabilities into initiatives suited to a low-carbon future. Voted best case by first year MBAs.