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Article: Exxon Mobil faces shareholder uprising; In annual meeting, investors will push to split CEO/chairman job.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- May 28, 2008
CopyrightCOPYRIGHT 2008 Albany Times Union. 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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Byline: JOHN PORRETTO - Associated Press
HOUSTON - 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, 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 ...