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Article: Exxon Mobil's Tillerson to face fire from shareholders who want chairman, CEO roles separated
- Article from:
- AP Worldstream
- Article date:
- May 27, 2008
- Author:
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Exxon Mobil Corp. chairman and CEO Rex Tillerson will have a fight on his hands Wednesday to keep the two top jobs at the world's biggest publicly traded oil company, as some members of the Rockefeller family and other shareholders push to separate the roles.
In what's likely to be a raucous shareholder meeting in Dallas, much of the advance focus has been on a shareholder resolution to name an independent director as company chairman, essentially prohibiting Tillerson from holding that job and that of chief executive officer.
Tillerson, who received a compensation package last year valued at about $21.7 million (13.8 million), has served in both roles since 2006.
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