James is mounting a proxy campaign against the energy giant to do two things simultaneously: transform Exxon into a nimble innovator in the energy sector for the sake of better shareholder returns and also remake this fossil fuel behemoth into a potential model of stakeholder capitalism.
An atrocity is playing out in Georgia, next in Texas, Arizona, and some 40 other states which are considering new voting laws which are racist, discriminatory, and intended to keep millions of black Americans from voting.
America's CEO agree that the private sector—including their company—should consider the welfare, not just of shareholders, but of employees, suppliers, communities, the nation, and the environment. Still, action on stakeholder capitalism remains slow.
Last week, China made a bold move in its quest to become an innovation superpower, unveiling a five year plan to grow the country’s economy by six percent, increase spending on technology, and weaken the pro-democratic opposition in Hong Kong.
18 months after that bold statement of purpose by the BRT, talk of stakeholder capitalism is pervasive, but action is nearly absent.