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Jason Karp left the hedge-fund world in 2018 to go fully in on his healthy-foods business.
He tells Insider that top hedge-fund founders have since called to pick his brain on leaving. They want more purpose and . they can t admit it out loud because they re billionaires.
For Jason Karp, working in finance was rewarding. He made millions, won awards, and started a business that employed dozens of people.
But in 2018, after a couple of tough years at his hedge fund, Tourbillon, he left the only industry he d ever worked in to dive into a space that he now sees is his true passion: healthy foods.
In the hotly contested board director election at ExxonMobil, activist hedge fund Engine No. 1 prevailed. Two of their nominees, Greg Goff and Kaisa Hietala, were elected. This is a stunning rebuke from investors to the company for its unwillingness to adapt its strategy for the energy transition.
Shareholders Elect ExxonMobil Directors
Shareholders have elected eight of ExxonMobil nominees to the board of directors and two of Engine No. 1 nominees. But, vote results for five nominees were too close to call.
The American oil giant however, pointed out that preliminary vote estimates were by its proxy solicitor,
“We welcome all of our new directors and look forward to working with them constructively and collectively on behalf of all shareholders,” said Darren Woods, chairman and chief executive officer.
“We’ve been actively engaging with shareholders and received positive feedback and support, particularly for our announcements relating to low-carbon solutions and progress in efforts to reduce costs and improve earnings. We heard from shareholders today about their desire to further these efforts, and we are well positioned to respond”, the company said.