Andrew Freedman Quoted by Bloomberg Law on Exxon Proxy Contest


Olshan Partner and Co-Chair of the firm’s Shareholder Activism Group Andrew Freedman was recently quoted in Bloomberg Law regarding small key invest victories against massive companies. Mr. Freedman noted, “We are seeing investors have substantial successes where their position is something that is maybe viewed as tiny.” Engine No. 1, a small recently formed investment company, was able to acquire multiple board seats, owning only 0.02% of Exxon’s market value based on data compiled by Bloomberg. Mr. Freedman commended the investment company’s ability to win the support of other investment groups, stating, “If you have a strong platform that resonates up and down the shareholder base, then it matters little what your own position is in any given company.”

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