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Article: 19 Institutional Investors With 91 Million Exxon Mobil Shares Pressure Oil Company on Global Warming and CEO/Board Chair Separation.
- Article from:
- PR Newswire
- Article date:
- May 21, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON, May 21 /PRNewswire/ -- Nineteen institutional investors - including some of Exxon Mobil's largest shareowners - with more than $740 billion in combined assets under management are voting next week in support of resolutions asking Exxon Mobil Corporation to address climate change risks and opportunities and separate the Chairman and CEO positions.
The major investors holding over 91 million shares of Exxon Mobil stock valued at more than $8.6 billion (based on May 20, 2008 market close of $94.56/share) announced today they are supporting four key climate-related shareholder resolutions, as well as a separate proxy item to split the CEO and chairman jobs. ...