By ABHA BHATTARAI | The Washington Post | Published: April 16, 2021
Stars and Stripes is making stories on the coronavirus pandemic available free of charge. See more staff and wire stories here. Sign up for our daily coronavirus newsletter here. Please support our journalism with a subscription. Adrienne Whyte used to go to the mall twice a week, where she might meet up with her personal shoppers at Neiman Marcus and Saks Fifth Avenue or scour Macy s for bedding and kitchenware. But it s been well over a year since she set foot in a department store and she isn t sure when, or whether, she will again.
Struggling mall department stores have been pushed to the edge of extinction during pandemic
Nearly 200 department stores have disappeared in the past year alone, and another 800 are expected to close by the end of 2025.
Construction at the former Collin Creek Mall in Plano last month. The J.C. Penney store was the last to close at the mall, which is being turned into a mixed-use project.(Jason Janik / Special Contributor)
Adrienne Whyte used to go to the mall twice a week, where she might meet up with her personal shoppers at Neiman Marcus and Saks Fifth Avenue or scour Macy’s for bedding and kitchenware.
EnergyExxon, activist spend over $65 mln in battle for oil giant s future
Jennifer HillerSvea Herbst-bayliss
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Blanca Gonzales, 63, of Fort Worth, Texas, (L), and Susan Cooper, 78, of Richardson, Texas, protest Exxon s climate change policies as people arrive at the ExxonMobil s 2019 annual shareholders meeting in Dallas, Texas, U.S., May 29, 2019. REUTERS/Jennifer Hiller/File Photo
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Exxon Mobil Corp (XOM.N) and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest U.S. oil producer marshalling executives, TV appearances, social media and websites to rebut the challenge.
The David-and-Goliath fight has Exxon determined to block Engine No. 1 s four nominees at its May 26 shareholder meeting, while urging shareholders reject proposals to split its chairman and chief executive roles, and block climate-related reports sought by other groups.
Exxon, activist spend over $65 million in battle for oil giant s future
By Jennifer Hiller and Svea Herbst-Bayliss
Reuters
HOUSTON (Reuters) - Exxon Mobil Corp and a small activist hedge fund are waging a more than $65 million proxy fight over board seats, with the largest U.S. oil producer marshalling executives, TV appearances, social media and websites to rebut the challenge.
The David-and-Goliath fight has Exxon determined to block Engine No. 1 s four nominees at its May 26 shareholder meeting, while urging shareholders reject proposals to split its chairman and chief executive roles, and block climate-related reports sought by other groups.
Exxon has out gunned its tiny rival s $30 million budget with spending the company expects will be about $35 million above its usual proxy solicitation costs, according to regulatory filings.
Exxon, activist spend over $65 million in battle for oil giant s future netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.