Category: Hedge funds

The Children's Investment Fund reportedly paid its founder, the billionaire Sir Chris Hohn, $479m in dividends last year after a 66% leap in pre-tax profits. The figure, which The Guardian describes as the largest annual earnings ever by an individual in Britain, is more than 9,000 times the median UK wage. TCI has been leading the Say on Climate campaign in recent months, trying to get companies to give shareholders a vote on their climate plans, mirroring the existing Say on Pay votes in the UK. 

Exxon has caved to pressure to ‘refresh’ its board, adding Michael Angelakis and Jeffrey Ubben as independent members. Angelakis is CEO of growth-oriented investment firm Atairos and ex- CFO of Comcast Corporation. Ubben co-founded impact investment hedge fund Inclusive Capital Partners last year with Lynn Forester de Rothschild, the CEO of the Coalition for Inclusive Capitalism. Exxon’s board now stands at 13. Engine No. 1, the activist inves…