Business, Fuel
Marathon Petroleum Bows to Activist Push With Spinoff, CEO Exit
Marathon Petroleum Corp. buckled under pressure from shareholders and announced the spinoff of its retail fuel-station business and the departure of its chairman and chief executive officer, just five weeks after activist investor Elliott Management Corp. went public with demands for a radical overhaul of the company.
David Wethe and Scott Deveau | Bloomberg News
October 31, 2019Follow Us
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