{"id":273332,"date":"2024-05-20T13:11:57","date_gmt":"2024-05-20T20:11:57","guid":{"rendered":"https:\/\/timesofsandiego.com\/?p=273332"},"modified":"2024-05-20T13:12:06","modified_gmt":"2024-05-20T20:12:06","slug":"calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members","status":"publish","type":"post","link":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/","title":{"rendered":"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?ssl=1\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS.jpg?resize=1024%2C683&#038;ssl=1\" alt=\"A view of California Public Employees' Retirement System (CalPERS) headquarters in Sacramento, California, U.S. February 14, 2017. Photo courtesy REUTERS\/Max Whittaker\/File Photo.\" class=\"wp-image-251615\" srcset=\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=1536%2C1024&amp;ssl=1 1536w, https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=2048%2C1365&amp;ssl=1 2048w, https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=1200%2C800&amp;ssl=1 1200w, https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=1568%2C1045&amp;ssl=1 1568w, https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=400%2C267&amp;ssl=1 400w, https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-1024x683.jpg?w=370&amp;ssl=1 370w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/a><figcaption class=\"wp-element-caption\">A view of California Public Employees&#8217; Retirement System (CalPERS) headquarters in Sacramento. REUTERS\/Max Whittaker<\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.calpers.ca.gov\/\">CalPERS<\/a>, the biggest public pension plan in the United States, said on Monday it would vote against all <a href=\"https:\/\/corporate.exxonmobil.com\/\">Exxon Mobil<\/a> board members at its upcoming annual meeting on May 29, citing the oil major&#8217;s legal action against activist investors.<\/p>\n\n\n\n<p>Exxon, which is frequently the focus of critical shareholder resolutions, filed a lawsuit earlier this year seeking to block a vote on a climate proposal submitted by two small activist investors, sidestepping the usual regulatory process to fend off similar measures.<\/p>\n\n\n\n<p>The investors withdrew their resolution but Exxon continued the lawsuit, seeking legal costs and other relief.<\/p>\n\n\n\n<p>CalPERS, which has about $490 billion in assets under management, said in a statement the legal action could diminish investor rights.<\/p>\n\n\n\n<p>Its vote is &#8220;more than symbolic&#8221;, even though there is no alternative slate of directors, CalPERS CEO Marcie Frost told reporters. She aimed to send a message to the board that &#8220;if they don&#8217;t want to do the governance they should step aside,&#8221; Frost said.<\/p>\n\n\n\n<p>Exxon said in a statement its &#8220;efforts are intended to get clarity on the rules to foster an environment for open and meaningful shareholder dialogue.&#8221;<\/p>\n\n\n\n<p>The company added it had engaged with CalPERS, which it considered had made a &#8220;poor fiduciary decision.&#8221;<\/p>\n\n\n\n<p>CalPERS holds 8.45 million Exxon shares, giving it a stake of about 0.19%, according to LSEG data. It has been influential in previous director elections, notably in 2021 when it backed a successful board challenge aiming to position the firm better for the energy transition.<\/p>\n\n\n\n<p>Frost said she had spoken to Exxon CEO Darren Woods and as far as she knew as of now the litigation was still moving forward.<\/p>\n\n\n\n<p>Activist groups have been asking CalPERS to divest from Exxon for years. Frost said she wanted to distinguish between engagement to ask Exxon to change its climate policy, and to encourage it to drop this lawsuit.<\/p>\n\n\n\n<p>&#8220;I want to keep our attention on the shareholder aspects of Exxon&#8217;s decision,&#8221; she said. &#8220;The problem with divestment when you are CalPERS is you completely lose your voice.&#8221;<\/p>\n\n\n\n<p>Proxy adviser Glass Lewis recommended shareholders vote against re-electing Exxon&#8217;s lead independent director, citing what it called the firm&#8217;s &#8220;unusual and aggressive tactics&#8221;.<\/p>\n\n\n\n<p>But Exxon has won support from business lobby groups, the U.S. Chamber of Commerce and Business Roundtable, which said the case &#8220;exemplifies activist groups&#8217; takeover of the shareholder proposal process to score ideological points&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CalPERS, the nation&#8217;s biggest public pension plan, said it would vote against all Exxon Mobil board members at its upcoming annual meeting, citing the oil major&#8217;s legal action against activist investors.<\/p>\n","protected":false},"author":2,"featured_media":251615,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"MSN_Categories":"News","MSN_Publish_Option":true,"MSN_Is_Local_News":true,"MSN_Is_AIAC_Included":"Empty","MSN_Location":"[{\"longitude\":\"-117.164\",\"latitude\":\"32.7158\",\"locality\":\"San Diego\",\"subRegion\":\"San Diego County\",\"region\":\"CA\",\"country\":\"United States\"}]","MSN_Add_Feature_Img_On_Top_Of_Post":false,"MSN_Has_Custom_Author":false,"MSN_Custom_Author":"","MSN_Has_Custom_Canonical_Url":false,"MSN_Custom_Canonical_Url":"","newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","jetpack_post_was_ever_published":false,"apple_news_api_created_at":"2024-05-20T20:12:04Z","apple_news_api_id":"077bd972-1c44-42b2-92ed-df1f8ef1832b","apple_news_api_modified_at":"2024-05-20T20:12:04Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AB3vZchxEQrKS7d8fjvGDKw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[295839,61831,38554,278345,174],"newspack_spnsrs_tax":[],"coauthors":[266803],"jetpack_publicize_connections":[],"apple_news_notices":[],"yoast_head":"<title>CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members - Times of San Diego<\/title>\n<meta name=\"description\" content=\"CalPERS, the nation&#039;s biggest public pension plan, said it would vote against all Exxon Mobil board members at its upcoming annual meeting, citing the oil major&#039;s legal action against activist investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members\" \/>\n<meta property=\"og:description\" content=\"CalPERS, the nation&#039;s biggest public pension plan, said it would vote against all Exxon Mobil board members at its upcoming annual meeting, citing the oil major&#039;s legal action against activist investors.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/\" \/>\n<meta property=\"og:site_name\" content=\"Times of San Diego\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TimesOfSanDiego\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-20T20:11:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-20T20:12:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reuters\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TimesofSanDiego\" \/>\n<meta name=\"twitter:site\" content=\"@TimesofSanDiego\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reuters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/\"},\"author\":{\"name\":\"cabrillo\",\"@id\":\"https:\/\/timesofsandiego.com\/#\/schema\/person\/d6327ea00f10b28c1b5304c8bbc4689d\"},\"headline\":\"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members\",\"datePublished\":\"2024-05-20T20:11:57+00:00\",\"dateModified\":\"2024-05-20T20:12:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/\"},\"wordCount\":424,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/timesofsandiego.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1\",\"keywords\":[\"activist shareholders\",\"annual meeting\",\"CalPERS\",\"Exxon Mobil\",\"pensions\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/timesofsandiego.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/\",\"url\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/\",\"name\":\"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members - Times of San Diego\",\"isPartOf\":{\"@id\":\"https:\/\/timesofsandiego.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1\",\"datePublished\":\"2024-05-20T20:11:57+00:00\",\"dateModified\":\"2024-05-20T20:12:06+00:00\",\"description\":\"CalPERS, the nation's biggest public pension plan, said it would vote against all Exxon Mobil board members at its upcoming annual meeting, citing the oil major's legal action against activist investors.\",\"breadcrumb\":{\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1\",\"width\":2560,\"height\":1707,\"caption\":\"A view of California Public Employees' Retirement System (CalPERS) headquarters in Sacramento, California, U.S. February 14, 2017. REUTERS\/Max Whittaker\/File Photo\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/timesofsandiego.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uncategorized\",\"item\":\"http:\/\/timesofsandiego.com\/category\/uncategorized\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/timesofsandiego.com\/#website\",\"url\":\"https:\/\/timesofsandiego.com\/\",\"name\":\"Times of San Diego\",\"description\":\"Local News and Opinion for San Diego\",\"publisher\":{\"@id\":\"https:\/\/timesofsandiego.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/timesofsandiego.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/timesofsandiego.com\/#organization\",\"name\":\"Times of San Diego\",\"url\":\"https:\/\/timesofsandiego.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/timesofsandiego.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i2.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2021\/01\/JAN21-TOSD-Social-Media-Sharing-Logo.jpg?fit=1200%2C628&ssl=1\",\"contentUrl\":\"https:\/\/i2.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2021\/01\/JAN21-TOSD-Social-Media-Sharing-Logo.jpg?fit=1200%2C628&ssl=1\",\"width\":1200,\"height\":628,\"caption\":\"Times of San Diego\"},\"image\":{\"@id\":\"https:\/\/timesofsandiego.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/TimesOfSanDiego\/\",\"https:\/\/x.com\/TimesofSanDiego\",\"https:\/\/www.instagram.com\/timesofsandiego\/\",\"https:\/\/www.linkedin.com\/company\/times-of-san-diego\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/timesofsandiego.com\/#\/schema\/person\/d6327ea00f10b28c1b5304c8bbc4689d\",\"name\":\"cabrillo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/timesofsandiego.com\/#\/schema\/person\/image\/e64a9f6e79c41938815fd1a8f2d7d600\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5a81d7e2e3333d7591c44f366af73a26?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5a81d7e2e3333d7591c44f366af73a26?s=96&d=blank&r=g\",\"caption\":\"cabrillo\"},\"url\":\"https:\/\/timesofsandiego.com\/author\/cabrillo\/\"}]}<\/script>","yoast_head_json":{"title":"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members - Times of San Diego","description":"CalPERS, the nation's biggest public pension plan, said it would vote against all Exxon Mobil board members at its upcoming annual meeting, citing the oil major's legal action against activist investors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/","og_locale":"en_US","og_type":"article","og_title":"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members","og_description":"CalPERS, the nation's biggest public pension plan, said it would vote against all Exxon Mobil board members at its upcoming annual meeting, citing the oil major's legal action against activist investors.","og_url":"http:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/","og_site_name":"Times of San Diego","article_publisher":"https:\/\/www.facebook.com\/TimesOfSanDiego\/","article_published_time":"2024-05-20T20:11:57+00:00","article_modified_time":"2024-05-20T20:12:06+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg","type":"image\/jpeg"}],"author":"Reuters","twitter_card":"summary_large_image","twitter_creator":"@TimesofSanDiego","twitter_site":"@TimesofSanDiego","twitter_misc":{"Written by":"Reuters","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#article","isPartOf":{"@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/"},"author":{"name":"cabrillo","@id":"https:\/\/timesofsandiego.com\/#\/schema\/person\/d6327ea00f10b28c1b5304c8bbc4689d"},"headline":"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members","datePublished":"2024-05-20T20:11:57+00:00","dateModified":"2024-05-20T20:12:06+00:00","mainEntityOfPage":{"@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/"},"wordCount":424,"commentCount":0,"publisher":{"@id":"https:\/\/timesofsandiego.com\/#organization"},"image":{"@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1","keywords":["activist shareholders","annual meeting","CalPERS","Exxon Mobil","pensions"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/timesofsandiego.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/","url":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/","name":"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members - Times of San Diego","isPartOf":{"@id":"https:\/\/timesofsandiego.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#primaryimage"},"image":{"@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1","datePublished":"2024-05-20T20:11:57+00:00","dateModified":"2024-05-20T20:12:06+00:00","description":"CalPERS, the nation's biggest public pension plan, said it would vote against all Exxon Mobil board members at its upcoming annual meeting, citing the oil major's legal action against activist investors.","breadcrumb":{"@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#primaryimage","url":"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1","contentUrl":"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1","width":2560,"height":1707,"caption":"A view of California Public Employees' Retirement System (CalPERS) headquarters in Sacramento, California, U.S. February 14, 2017. REUTERS\/Max Whittaker\/File Photo"},{"@type":"BreadcrumbList","@id":"https:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/timesofsandiego.com\/"},{"@type":"ListItem","position":2,"name":"Uncategorized","item":"http:\/\/timesofsandiego.com\/category\/uncategorized\/"},{"@type":"ListItem","position":3,"name":"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members"}]},{"@type":"WebSite","@id":"https:\/\/timesofsandiego.com\/#website","url":"https:\/\/timesofsandiego.com\/","name":"Times of San Diego","description":"Local News and Opinion for San Diego","publisher":{"@id":"https:\/\/timesofsandiego.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/timesofsandiego.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/timesofsandiego.com\/#organization","name":"Times of San Diego","url":"https:\/\/timesofsandiego.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/timesofsandiego.com\/#\/schema\/logo\/image\/","url":"https:\/\/i2.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2021\/01\/JAN21-TOSD-Social-Media-Sharing-Logo.jpg?fit=1200%2C628&ssl=1","contentUrl":"https:\/\/i2.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2021\/01\/JAN21-TOSD-Social-Media-Sharing-Logo.jpg?fit=1200%2C628&ssl=1","width":1200,"height":628,"caption":"Times of San Diego"},"image":{"@id":"https:\/\/timesofsandiego.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/TimesOfSanDiego\/","https:\/\/x.com\/TimesofSanDiego","https:\/\/www.instagram.com\/timesofsandiego\/","https:\/\/www.linkedin.com\/company\/times-of-san-diego\/"]},{"@type":"Person","@id":"https:\/\/timesofsandiego.com\/#\/schema\/person\/d6327ea00f10b28c1b5304c8bbc4689d","name":"cabrillo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/timesofsandiego.com\/#\/schema\/person\/image\/e64a9f6e79c41938815fd1a8f2d7d600","url":"https:\/\/secure.gravatar.com\/avatar\/5a81d7e2e3333d7591c44f366af73a26?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5a81d7e2e3333d7591c44f366af73a26?s=96&d=blank&r=g","caption":"cabrillo"},"url":"https:\/\/timesofsandiego.com\/author\/cabrillo\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members","url":"http:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/timesofsandiego.com\/uncategorized\/2024\/05\/20\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\/"},"thumbnailUrl":"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=150%2C150&ssl=1","image":{"@type":"ImageObject","url":"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"Reuters"}],"creator":["Reuters"],"publisher":{"@type":"Organization","name":"Times of San Diego","logo":"https:\/\/timesofsandiego.com\/wp-content\/uploads\/2021\/01\/times-of-san-diego-logo-2.png"},"keywords":["activist shareholders","annual meeting","calpers","exxon mobil","pensions"],"dateCreated":"2024-05-20T20:11:57Z","datePublished":"2024-05-20T20:11:57Z","dateModified":"2024-05-20T20:12:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"CalPERS Public Pension Plan to Vote Against All Exxon Mobil Board Members\",\"url\":\"http:\\\/\\\/timesofsandiego.com\\\/uncategorized\\\/2024\\\/05\\\/20\\\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/timesofsandiego.com\\\/uncategorized\\\/2024\\\/05\\\/20\\\/calpers-public-pension-plan-to-vote-against-all-exxon-mobil-board-members\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/timesofsandiego.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?resize=150%2C150&ssl=1\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/timesofsandiego.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1\"},\"articleSection\":\"Uncategorized\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reuters\"}],\"creator\":[\"Reuters\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"Times of San Diego\",\"logo\":\"https:\\\/\\\/timesofsandiego.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/times-of-san-diego-logo-2.png\"},\"keywords\":[\"activist shareholders\",\"annual meeting\",\"calpers\",\"exxon mobil\",\"pensions\"],\"dateCreated\":\"2024-05-20T20:11:57Z\",\"datePublished\":\"2024-05-20T20:11:57Z\",\"dateModified\":\"2024-05-20T20:12:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/timesofsandiego.com\/p.js"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2023\/11\/2023-11-03T171418Z_3_LYNXMPEJA20M6_RTROPTP_4_CALIFORNIA-CALPERS-scaled.jpg?fit=2560%2C1707&ssl=1","jetpack_sharing_enabled":true,"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Times of San Diego","distributor_original_site_url":"https:\/\/timesofsandiego.com","push-errors":false,"_links":{"self":[{"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/posts\/273332"}],"collection":[{"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/comments?post=273332"}],"version-history":[{"count":1,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/posts\/273332\/revisions"}],"predecessor-version":[{"id":273333,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/posts\/273332\/revisions\/273333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/media\/251615"}],"wp:attachment":[{"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/media?parent=273332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/categories?post=273332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/tags?post=273332"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=273332"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/timesofsandiego.com\/wp-json\/wp\/v2\/coauthors?post=273332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}