Activist hedge fund Engine No. 1 wins third seat on Exxon board

CNBC Television published this video item, entitled “Activist hedge fund Engine No. 1 wins third seat on Exxon board” – below is their description.

Hedge fund Engine No. 1 has gained a third seat on the Exxon Mobil board of directors. The upstart fund campaigned on environmental concerns and the idea that Exxon was not doing enough to address them. CEO Darren Woods issued a statement saying he looked forward to working with the new directors. CNBC’s “Squawk on the Street” crew discuss.

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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