Exxon sues climate activist investors to remove “extreme agenda” from shareholder ballot

Public companies should have the possibility to kick out unruly minority shareholders. When a shareholder holds less than – let’s say – 2% of the company and the board determines that company operations are significantly disturbed by this renegade shareholder or group of shareholders, they should have the option to force-buy their shares at a value that must be determined. Or present those shareholders with an option to remain shareholders but relinquish their voting rights for some time. Public companies are no normal companies and I am no big fan of them but they must remain functional. 

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