The activist investors who invoked the perils of climate change to win a stunning proxy battle against ExxonMobil this week said the supermajor would need to cut oil production, indicating they would keep pressing management to shift strategy in response to the shareholder vote. “They need to position themselves for success,” said Charlie Penner, who…
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As startups and venture capital grow in tandem, fundraising has gone from a formal affair on Sand Hill Road to a process that can happen anywhere from Twitter to Zoom. While fundraising may no longer require a trip to California, it might depend on whether you got an invite to a private audio app. And…
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Can employers make COVID-19 vaccination mandatory? Yes, with some exceptions. Experts say U.S. employers can require employees to take safety measures, including vaccination. That doesn’t necessarily mean you would get fired if you refuse, but you might need to sign a waiver or agree to work under specific conditions to limit any risk you might…
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Facebook says it will no longer remove claims that COVID-19 is human-made or manufactured “in light of ongoing investigations into the origin of COVID-19 and in consultation with public health experts.” There is rising pressure worldwide to investigate the origins of the pandemic, including the possibility that it came from a lab. Since the pandemic…
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Tech stocks are being hammered. The threat of inflation is weighing on corporate bonds. One unlucky group of investors is feeling the effects of both misfortunes. Earlier this year, companies such as Twitter and Peloton issued billions of dollars of convertible bonds. They appear to have raised capital at the top of both the debt…
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This article is an on-site version of our #techFT newsletter. Sign up here to get the complete newsletter sent straight to your inbox every weekday Trust Tesla and its chief Elon Musk to come up with a big idea for solving the current chip shortage. This one would only help Tesla itself — it is…
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SoftBank has spelt out the full cost of its bitter divorce from WeWork co-founder Adam Neumann, detailing a settlement worth hundreds of millions of dollars. Neumann has received cash, stock awards and fees worth close to $450m in a settlement which has been the subject of fraught negotiations since he was forced to step down…
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A doctors’ surgery is a place of trust where patients divulge their most private concerns and ailments. On July 1, a vast pooling of surgery records will begin in England, with the NHS sharing data scraped from as many as 55m patients. It is an exercise lacking in transparency that risks eroding that trust at…
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Managing the technical side of open-source projects is often hard enough, but throw in the inevitable conflicts between contributors, who are often very passionate about their contributions, and things get even harder. One way to establish ground rules for open-source communities is the Contributor Covenant, created by Coraline Ada Ehmke back in 2014. Like so…
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A court has ordered Royal Dutch Shell to accelerate its strategy for the energy transition by making steeper and quicker cuts to greenhouse gas emissions than it had planned. The landmark ruling could spur legal cases against other oil and gas companies, as well as other big corporate polluters. What was the ruling? The judge…
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