Shareholders fail again. They have the opportunity to do right and they flunk it.
Bad governance amongst shareholders as well.
Onésimo Alvarez-Moro
See article:
ExxonMobil on Wednesday beat back a high-profile measure seeking to create an independent chairman, a move that had been sought by members of the Rockefeller family to pressure the world’s largest listed oil company to invest more heavily in alternative energy.
The proxy measure to separate the functions of Rex Tillerson, Exxon’s chairman and chief executive, won 39.5 per cent of the vote, down slightly from the 40 per cent vote a similar measure won last year.
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