Apr 30, 2008

Rockefeller kin take Exxon Mobil shareholder fight public

Members of the Rockefeller family took a fight with Exxon Mobil Corp. public Wednesday, challenging the oil giant spawned by their namesake to split the roles of chairman and CEO and focus more on renewable energy.

The family members, who describe themselves as the company's longest continuous shareholders, said they are concerned that Irving, Texas-based Exxon Mobil is too focused on short-term gains from soaring oil prices and should do more to invest in cleaner technology for the future. Separating the leadership roles, they argue, would better position the company for challenges to come.

Read More^

Sphere: Related Content

No comments: