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Old 05-29-2008, 08:55 AM
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Default Exxon Mobil shareholders vote against job split

http://www.treehugger.com/files/2006...generation.php
By JOHN PORRETTO
The Associated Press

Exxon Mobil Corp. chairman and CEO Rex Tillerson will retain both of those jobs at the world’s biggest publicly traded oil company.
A highly public, Rockefeller-led push to separate those two roles failed again Wednesday at the company’s annual shareholder meeting.

Stripping Tillerson of the chairman’s job in favor of an independent director was the main focus of the meeting. In the end, the measure got support of only 39.5 percent of shareholders, slightly less than last year’s 40 percent, despite a push by descendants of John D. Rockefeller, the founder of Exxon Mobil predecessor Standard Oil Corp.
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