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Article: Rockefeller family calls for Exxon governance reforms, including splitting chairman and CEO
- Article from:
- AP Worldstream
- Article date:
- April 30, 2008
- Author:
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Members of the Rockefeller family, descended from the founder of what became Exxon Mobil Corp., challenged the oil giant Wednesday to split the roles of chairman and CEO and focus more on renewable sources of energy.
The family members, who describe themselves as the company's longest continuous shareholders, said they are concerned that the Irving, Texas-based company is too focused on short-term gains from soaring oil prices and should do more to invest in cleaner technology for the future.
"They are fighting the last war and they're not seeing they're facing a new war," said Peter O'Neill, who heads the Rockefeller Family committee dealing with Exxon Mobil and ...