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Engine No. 1
Engine No. 1 is an American activist and impact-focused investment firm. It attracted attention with its campaign to replace four members of ExxonMobil's board of directors despite owning only 0.02% of the company's shares. The firm describes its investment approach as "active ownership", as it prefers to work with management instead of launching activist campaigns. The fund was founded in December 2020 and its most recent 13F filing indicated that it had $430 million in assets under management. Jennifer Grancio is the fund's chief executive officer and Christopher James its executive chairman. As of October 2021, the fund employed 39 staff. History Engine No. 1 was founded by Christopher James with $250 million of his own funds in December 2020. The name refers to one of the oldest fire stations in San Francisco, the city the fund is based in. Charles Penner, who previously worked at Jana Partners, an activist fund pushing Apple to work more on limiting children's smartpho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tipping Point Community
Tipping Point Community is a grant-making organization aiming to break the cycle of poverty for people in the San Francisco Bay Area whose income level is too low to meet their basic needs. It was founded by Daniel Lurie in 2005. In addition to general operating funding, Tipping Point provides grantees with "beyond dollars" support through strategic partnerships built with private sector corporations, who donate technology and services to these non-profit organizations. In 2017, Tipping Point launched its first endeavor with the public sector, committing $100 million to cut chronic homelessness in San Francisco in half by 2022. This initiative, in partnership with the City and County of San Francisco, aims to create housing, improve public systems like criminal justice and child welfare to reduce the rate of homelessness, and help the city leverage more state and federal funding. Tipping Point is modeled after the Robin Hood Foundation in New York, and has been praised as "an o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proxy Fight
A proxy fight, proxy contest or proxy battle (sometimes even called a proxy war) is an unfriendly contest for the control over an organization. The event usually occurs when a corporation's stockholders develop opposition to some aspect of the corporate governance, often focusing on directorial and management positions. Corporate activists may attempt to persuade shareholders to use their proxy votes (i.e., votes by one individual or institution as the authorized representative of another) to install new management for any of a variety of reasons. Shareholders of a public corporation may appoint an agent to attend shareholder meetings and vote on their behalf. That agent is the shareholder's proxy. In a proxy fight, incumbent directors and management have the odds stacked in their favor over those trying to force the corporate change. These incumbents use various corporate governance tactics to stay in power, including: staggering the boards (i.e., having different election years f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Capture And Storage
Carbon capture and storage (CCS) or carbon capture and sequestration is the process of capturing carbon dioxide (CO2) before it enters the atmosphere, transporting it, and storing it ( carbon sequestration) for centuries or millennia. Usually the CO2 is captured from large point sources, such as a chemical plant or biomass power plant, and then stored in an underground geological formation. The aim is to prevent the release of CO2 from heavy industry with the intent of mitigating the effects of climate change. CO2 has been injected into geological formations for several decades for enhanced oil recovery and after separation from natural gas, but this has been criticised for producing more emissions when the gas or oil is burned. Carbon capture and utilization (CCU) and CCS are sometimes discussed collectively as carbon capture, utilization, and sequestration (CCUS). This is because CCS is a relatively expensive process yielding a product which is often too cheap. Hence, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
France24
France 24 ( in French) is a French state-owned international news television network based in Paris. Its channels broadcast in French, English, Arabic, and Spanish and are aimed at the overseas market. Based in the Paris suburb of Issy-les-Moulineaux, the service started on 6 December 2006. It is aimed at a worldwide market and is generally broadcast by pay television providers around the world, but additionally, in 2010, France 24 began broadcasting online through its own iPhone and Android apps. It is a provider of live streaming world news which can be viewed via its website, YouTube, and various mobile devices and digital media players. The stated mission of the channels is to "provide a global public service and a common editorial stance". Since 2008 the channel has been wholly owned by the French government, via its holding company France Médias Monde, having bought out the minority share of the former partners: Groupe TF1 and France Télévisions. The budget is appr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Street Global Advisors
State Street Global Advisors (SSGA) is the investment management division of State Street Corporation and the world's fourth largest asset manager, with nearly $4.14 trillion (USD) in assets under management as of 31 December 2021. The company services financial clients by creating and managing investment strategies for governments, corporations, endowments, non-profit foundations, corporate treasurers and CFOs, asset managers, financial advisors and other intermediaries around the world. SSGA employs 2,500 people in 28 countries around the world. As of March 2021, it had 142 exchange traded funds (ETFs) owned and controlled by the company. History State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 in Boston, Massachusetts. Its first three products were a domestic index fund, an international index fund (based on the MSCI EAFE index), and a short-term investment fund. By 1989 the division had $53 billion (USD) in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Vanguard Group
The Vanguard Group, Inc. is an American registered investment advisor based in Malvern, Pennsylvania, with about $7 trillion in global assets under management, as of January 13, 2021. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares. In addition to mutual funds and ETFs, Vanguard offers brokerage services, educational account services, financial planning, asset management, and trust services. Several mutual funds managed by Vanguard are ranked at the top of the list of US mutual funds by assets under management. Along with BlackRock and State Street, Vanguard is considered to be one of the Big Three index fund managers that dominate corporate America. Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors and was a proponent and major enabler of low-cost investing by individuals, though Rex Sinquefield has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ExxonMobil Climate Change Controversy
Since the 1970s, ExxonMobil engaged in climate research, and later began lobbying, advertising, and grant making, some of which were conducted with the purpose of delaying widespread acceptance and action on global warming. From the late 1970s and through the 1980s, Exxon funded internal and university collaborations, broadly in line with the developing public scientific approach. From the 1980s to mid 2000s, the company was a leader in climate change denial, opposing regulations to curtail global warming. ExxonMobil funded organizations critical of the Kyoto Protocol and sought to undermine public opinion about the scientific consensus that global warming is caused by the burning of fossil fuels. Exxon helped to found and lead the Global Climate Coalition of businesses opposed to the regulation of greenhouse gas emissions. More recently it has expressed support for a carbon tax and the Paris agreement. Early research From the late 1970s and through the 1980s, Exxon, one of pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colin Mayer
Colin Peter Mayer is the Peter Moores Professor of Management Studies at the Saïd Business School at the University of Oxford. He was the Peter Moores Dean of the Saïd Business School between 2006 and 2011. He is a fellow of the British Academy, a fellow of the European Corporate Governance Institute, a fellow of the Royal Society of Arts, and a research fellow of the Centre for Economic Policy Research. He is a professorial fellow of Wadham College, Oxford, an honorary fellow of St. Anne's College, Oxford, and an honorary fellow of Oriel College, Oxford. He is an ordinary member of the Competition Appeal Tribunal and was a member of the UK government Natural Capital Committee. Over the last decade he has made the case against narrow shareholder value maximization by business firms and instead promoted the broader view of business purpose to promote economic and social well-being. Current Activities Colin Mayer has degrees in engineering science and economics (BA, First C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard Business Review
''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. ''HBR'' is published six times a year and is headquartered in Brighton, Massachusetts. ''HBR'' covers a wide range of topics that are relevant to various industries, management functions, and geographic locations. These include leadership, negotiation, strategy, operations, marketing, and finance. ''Harvard Business Review'' has published articles by Clayton Christensen, Peter F. Drucker, Michael E. Porter, Rosabeth Moss Kanter, John Hagel III, Thomas H. Davenport, Gary Hamel, C. K. Prahalad, Vijay Govindarajan, Robert S. Kaplan, Rita Gunther McGrath and others. Several management concepts and business terms were first given prominence in ''HBR''. ''Harvard Business Review''s worldwide English-language circulation is 250,000. HBR licenses its content for publication in thirteen languages besid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Return On Capital Employed
Return on capital employed is an accounting ratio used in finance, valuation, and accounting. It is a useful measure for comparing the relative profitability of companies after taking into account the amount of capital used.Fernandes, Nuno. Finance for Executives: A Practical Guide for Managers. NPV Publishing, 2014, Chapter 3. The formula : (Expressed as a %) It is similar to return on assets (ROA), but takes into account sources of financing. Capital employed In the denominator we have net assets or capital employed instead of total assets (which is the case of Return on Assets). Capital Employed has many definitions. In general it is the capital investment necessary for a business to function. It is commonly represented as total assets less current liabilities (or fixed assets plus working capital requirement). ROCE uses the reported (period end) capital numbers; if one instead uses the average of the opening and closing capital for the period, one obtains return on average c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Fish And Wildlife Foundation
The National Fish and Wildlife Foundation (NFWF) is an American foundation that was chartered by Congress in 1984 to increase the resources available for the conservation of the nation's fish, wildlife, plants and habitats. Authority The National Fish and Wildlife Foundation (NFWF) is dedicated to sustaining, restoring and enhancing the nation's fish, wildlife, plants and habitats for current and future generations. The NFWF advances its mission through innovative public and private partnerships, and by investing financial resources and intellectual capital into science-based programs designed to address conservation priorities and achieve measurable outcomes. In the 37 years since being chartered by Congress, the NFWF has grown to become the country's largest private conservation grant-maker. NFWF-funded projects — more than 19,700 since its founding in 1984 — have generated a cumulative conservation impact of more than $6.8 billion. The NFWF uses collaborative efforts fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
