ExxonMobil Corp.’s new CEO Rex Tillerson took it on the chin from disgruntled shareholders Wednesday listening to complaints about high fuel prices, exorbitant executive pay, underfunded pension plans and lack of a clear policy on alternative energy. But in the end, the protests — loud but mostly polite — failed to make much of a difference.
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Sempra’s LNG Construction Steamroller Hits Bump in Mexican State Government
A disgruntled member of the Baja California Norte state Congress is “no problema” for Sempra Energy’s billion-dollar liquefied natural gas (LNG) receiving terminal and related facilities at Energia Costa Azul, about 14 miles north of Ensenada, Mexico, the company said last week. Construction work is continuing and Sempra does not plan to issue any further statements on the Mexican state politician’s call for a halt on construction.
April 11, 2005
Sempra’s LNG Construction Steamroller Hits Bump in Mexican State Government
Sempra Energy said Wednesday that a disgruntled member of the Baja California Norte state Congress was “no problema” for its billion-dollar liquefied natural gas (LNG) receiving terminal and related facilities at Energia Costa Azul, about 14 miles north of Ensenada, Mexico. Construction work is continuing and Sempra does not plan to issue any further statements on the Mexican state politician’s call for a halt on construction earlier this week.
April 7, 2005
Shell’s Annual Meeting Draws Some Disgruntled Shareholders
At its annual general meeting last week, Royal Dutch/Shell Group shareholders easily approved all of the resolutions on the group’s ballot, but voting indicated that many would like some management practices to change.
July 5, 2004
Toppling of Board Would Cost El Paso Over $75M
El Paso Corp. could be forced to pay out more than $75 million in severance benefits if disgruntled investors, Selim K. Zilkha and Oscar S. Wyatt, succeed in replacing the company’s existing board of directors with their own slate of candidates at the upcoming stockholders meeting in June.
April 14, 2003
Toppling of Board Would Cost El Paso Over $75M
El Paso Corp. could be forced to pay out more than $75 million in severance benefits if disgruntled investors, Selim K. Zilkha and Oscar S. Wyatt, succeed in replacing the company’s existing board of directors with their own slate of candidates at the upcoming stockholders meeting in June.
April 11, 2003
El Paso Nominates Board With Broader Energy Background
In an attempt to short-circuit a bitter proxy battle by disgruntled investors, El Paso Corp. on Monday nominated a slate of directors that is heavy in energy experience for shareholders to vote on at the company’s upcoming annual meeting in June.
April 8, 2003
Disgruntled El Paso Investor Fuming Over Severance Packages
Selim K. Zilkha, El Paso Corp.’s largest stockholder who is spearheading an effort to unseat the company’s current board of directors, said this week he was troubled about the “severance costs” that shareholders could be burdened with if they succeed in replacing El Paso’s board, particularly the compensation to be paid to Chairman William Wise when he steps down later this year.
March 6, 2003
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