Federal judge tosses ExxonMobil lawsuit against activist investor Arjuna Capital

Is it over then? Of course not. They promised not to be total psychos anymore – for one single issue. They will invent others. And the armies of other activist investors have made no such promise so it’s not over by any stretch of imagination. Companies like EXXON need effective tools that allow them to force a buyback of their shares from an activist investor under certain circumstances. Shareholders should have the interest of the company at heart – not some idealistic crusade and virtue signaling. EXXON found its Mojo it seems. Plenty of other companies are still in the thrall of the activists. More… 

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