OPERATIONS

State treasurers urge BlackRock to stand with ExxonMobil over activists

Oil giants' biggest backer asked to remain steadfast against activist pressure

BlackRock’s Founder chairman and CEO Larry Fink. Photograph provided by photosince.

In a bold intervention, 21 US state financial officers have dispatched a letter to BlackRock CEO Larry Fink, urging him to resist activist shareholder pressure on ExxonMobil. The financial officers argue...

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