Jerry Bowyer: Exxon Stands Up to the Activists

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Exxon has long been subjected to harassing proposals from anti-oil and anti-gas activists, forcing their proposals on the company’s annual meetings with the help of federal regulators. The activists’ agenda—to be clear—would destroy those companies and the American economy along with it. Exxon took legal action … and the proposal was dropped.

Blue states then attempted to use their retirees pension assets to stage a coup for control of Exxon, the world's largest privately owned energy company.

Red states represented by the State Financial Officers Foundation fought back, urging investment firms to back the board.

What happened?

Exxon, red states, real investors and freedom won big. The entire board was reelected with an average of 95 percent support.

If the blue states had succeeded, this would have been the first time in American history that a state government essentially took control of a publicly traded company.

We dodged a bullet.

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