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Hotel History: Tampa Bay Hotel (511 rooms). The success of Henry M. Flagler’s Ponce de Leon Hotel in St. Augustine convinced Henry B. Plant that Tampa needed a spectacular new hotel. With the agreement of the town council for a new bridge across the Hillsborough River and for substantial real estate tax abatement, Plant chose New York City architect John A. Wood to design a spectacular hotel.
Tiny activist investor forces Exxon CEO to chart a greener, more diversified course By Kevin Crowley and Scott Deveau on 5/27/2021
Exxon Mobil CEO Darren Woods (third from left)
HOUSTON (Bloomberg) - Exxon Mobil s CEO Darren Woods was dealt a stunning defeat by shareholders when a tiny activist investment firm snagged at least two board seats and promised to push the energy giant to diversify beyond oil and fight climate change.
For Woods, who had aggressively opposed the insurgents, it was just the latest setback in a rocky 4 1/2-year tenure that has seen what was once the worldâs most-valuable company shed more than $125 billion in market value.
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Exxon Mobil Corp. Chief Executive Darren Woods suffered one of the biggest setbacks of his career at the hands of a tiny activist investment firm established less than six months ago.
At least two of the activist’s nominees won seats on Exxon’s board Wednesday, despite the chief executive’s vocal opposition and an all-hands-on-deck battle by the oil giant to defeat the insurgents.
A third seat may yet fall to San Francisco activist Engine No. 1 when the final results from Exxon’s annual meeting are tallied. That would put Woods in the tricky position of leading a board that’s 25% under the control of outsiders. Last-minute efforts by Woods and his team to appease climate-conscious investors and rebuff Engine No. 1’s assault were to no avail.