Q&A: The Activist Investor Who Shook Up the Board at ExxonMobil, on How—or if—it Changed the Company

A year ago this month, a small hedge fund won an unlikely victory against ExxonMobil, gaining support from a majority of the company’s shareholders to replace three of its directors, against management’s wishes. The fund, called Engine No. 1, had argued that Exxon was failing to plan for a transitio...