Business
Rockefellers ask Exxon to split leadership
Dallas | May 09, 2008 12:01:13 AM IST
Members of the Rockefeller family are urging Exxon Mobil Corp. shareholders to vote to split company leadership into two different positions, U.S. sources said. The Rockefellers, the founding family of Standard Oil, which later became Exxon Mobil, will have a news conference Wednesday to explain their position, The Dallas Morning News reported Tuesday. Their view, that the chairman and chief executive officer positions should be held by two people, is a concern held by multiple generations of their family, a press release issued by family members said. Currently, Rex Tillerson holds both jobs. An Exxon Mobile board statement says board members should make that decision, which will be put to a shareholder vote Director of Ram Trust Services Bob Monk sponsored the resolution to split the jobs to help the company broaden its interests. It's a company that, whenever it has tried to diversify outside of its traditional businesses, has made a complete flub of them, Monk said. (UPI)
BSNL launches bundling scheme with LG Electronics Nagaland Cabinet asks forces to enforce CFGR PCB selection committee names players for tri-nation series Sonia enquires about TN CM\'s health condition NPCC calls 12-hour Dimapur bandh on Monday ADA announces major initiatives in entertainment business Champagne Indage to represent country at London Wine Fair 45-year-old arrested for marrying minor
| 
