Strong support by descendants of John D. Rockefeller, who founded forerunner Standard Oil, failed to persuade ExxonMobil Corp. shareholders last week to vote in favor of creating an independent chairman. Shareholders also defeated measures that would have required the oil giant to set goals to reduce greenhouse gas (GHG) emissions.
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ExxonMobil Shareholders Defeat Rockefeller Initiatives
Strong support by descendants of John D. Rockefeller, who founded forerunner Standard Oil, failed to persuade ExxonMobil Corp. shareholders Wednesday to vote in favor of creating an independent chairman. Shareholders also defeated measures to require goals to be set to reduce greenhouse gas (GHG) emissions.
May 29, 2008