... The company’s poor capital allocation decisions are based on decades of denial about climate change on the company’s strategy ... Engine No. 1 is making four sensible and reasonable recommendations:
(1) refresh the board
(2) impose greater long-term capital allocation discipline
(3) implement a strategic plan for sustainable value creation in a changing world; and
(4) realign management incentives. ...
Read more https://hbr.org/2021/01/can-a-tiny-hedge-fund-push-exxonmobile-towards-sustainability
