This story about the Rockefellers and Exxon is truly extraordinary..

[Virginia Dare]

Who would have thought that the descendent's of J.D. Rockefeller would try and bring us back from the abyss of corporate greed?

Exxon investors nix Rockefeller proposals
Push to split chairman and CEO roles and make the energy heavyweight more environmentally friendly is defeated

NEW YORK (CNNMoney.com) -- Exxon Mobil Chairman and Chief Executive Rex Tillerson will keep both of those titles after a shareholder resolution to split the jobs was defeated Wednesday.

A preliminary vote at the company's annual meeting in Dallas found that only 39.5% of shareholders were in favor of splitting the jobs, down slightly from last year's 40%.

This year's effort to establish an independent chairman at Exxon Mobil, the world's largest publicly owned energy company, was championed by descendants of John D. Rockefeller, the founder of Exxon Mobil forerunner Standard Oil Corp.

But the proposal, which has been raised at every shareholder meeting for the last 7 years, was supported by a significant number of shareholders.

http://money.cnn.com/2008/05/27/news/companies/exxonmobil_shareholder_meeting/?postversion=2008052816

[hatrack]

1. Yes, interesting - too bad it didn't work . . .

Zero for seven and all that.