CEOs of Fortune 500 companies are urged to sign a pledge against anti-Semitism, supporting Jewish employees and combating hate.
Exxon Mobil's $59.5 billion acquisition of Pioneer Natural Resources aims to enhance U.S. energy security and promote lower-cost production in the Permian Basin.
Deep dives
Corporate America urged to speak up against anti-Semitism
The CEO of the Anti-Defamation League is calling on leaders of Fortune 500 companies to sign a workplace pledge and speak out against anti-Semitism. The pledge encourages companies to publicly stand with their Jewish employees, address anti-Semitism in diversity and inclusion training, and create employee resource groups for Jewish employees. The rise in anti-Semitic incidents following the recent conflict between Israel and Hamas has prompted this call for action. The ADL hopes that corporate leaders will use their moral authority and influence to combat hate and support their Jewish workforce.
ExxonMobil acquires Pioneer Natural Resources in $59.5 billion deal
ExxonMobil has entered into an all-stock transaction to acquire Pioneer Natural Resources in a deal valued at $59.5 billion. The merger aims to leverage the expertise, technologies, and resources of both companies to drive long-term value and enhance U.S. energy security. The combination of the two organizations will create the largest producer in the Permian Basin and enable even lower-cost production. The CEOs of ExxonMobil and Pioneer Natural Resources highlight the potential for increasing recovery rates and reducing emissions through their joint efforts. The deal is not expected to face significant regulatory hurdles, considering the size of the overall industry.
The call for companies to address diversity, equity, and inclusion training
The Anti-Defamation League is urging corporations to ensure that diversity, equity, and inclusion (DEI) training programs include materials on combating anti-Semitism. The ADL believes that anti-Semitism is often overlooked in DEI programs and that addressing this form of hate is crucial. The pledge presented by the ADL encourages companies to proactively include anti-Semitism in their DEI initiatives, fostering a more inclusive and respectful work environment. By incorporating specific training on anti-Semitism, companies can better educate their employees and create a more supportive atmosphere for their Jewish workforce.
The need for moral leadership and corporate response to crises
The recent conflict between Israel and Hamas has highlighted the importance of moral leadership and corporate response to humanitarian crises. The CEO of the Anti-Defamation League stresses the need for CEOs to publicly speak out against violence, hate, and injustice. Drawing parallels to the aftermath of 9/11, he calls upon corporate leaders to stand with their Jewish employees in the face of rising anti-Semitism. The message is that taking a moral stance is not about politics but about standing against evil and demonstrating solidarity. It is emphasized that remaining silent in such times can have profound consequences and that companies should seize the opportunity to show leadership and support.
Exxon Mobil has struck a $59.5 billion deal to acquire Pioneer Natural Resources in an all-stock merger. Pioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren Woods discuss how the deal came about, potential regulatory hurdles, and what role fossil fuels will play in our future. Incidents of religious-based hate and discrimination are on the rise as the fifth day of fighting in the Israel-Hamas War is underway. Anti-Defamation League CEO Jonathan Greenblatt explains why Fortune 500 CEOs should sign the ADL’s pledge to condemn antisemitism, and what American corporations can do to support their Jewish employees. Plus, Novo Nordisk stock is popping on more Ozempic success, Congress is seeking a new House Speaker, the White House wants to crack down on junk fees, and testimony at Sam Bankman-Fried’s trial illuminates the internal goings-on of FTX before its collapse.