(Reuters) Asset manager State Street Corp voted for two of the four candidates put forward by activist hedge fund Engine No. 1 for Exxon Mobil’s board, a spokesman for the Boston firm said late on Thursday.
State Street was Exxon’s third-largest investor according to its proxy statement. Late on Wednesday Exxon’s largest investor Vanguard Group said it also backed two dissident nominees, details that fleshed out how Engine No. 1 was able to capture at least two board seats at the biggest U.S. oil producer.
