Green Leaf Report

Unfortunately, the Exxon Mobil shareholders meeting in Dallas yesterday was unsuccessful in splitting the chairman and CEO roles, achieving only 39.5% of the vote.  Several shareholders groups are angry at Exxon Mobil’s lack of investment in alternative fuels, and think Exxon Mobil is short-sighted in its reliance on oil.  Shareholders - including members of the Rockefeller family, whose ancestor John  D. Rockefeller founded what later became Exxon Mobil -  were trying to bring in a new chairman that would concentrate more on alternative fuels. Rex Tillerson will now continue to hold the roles of Exxon Mobil CEO and chairman.

So it was close, but no cigar.  Now we’ll see if the next attempt gets a greater percentage of the vote, or if shareholder lawsuits begin.  It’s great to see that shareholders are trying to protect the environment, whether or not Exxon Mobil’s internal management agrees.  I’m impressed this initiative already managed to get 39.5% of shareholder vote - perhaps this will also send a message to Mr. CEO that he may well be evicted sooner than he’d like if he doesn’t listen to the shareholders now.