Advertisement
YOU ARE HERE: LAT HomeCollections

Wall Street Roundup

Rockefellers seek Exxon changes

May 01, 2008|From Times Wire Services

Members of the Rockefeller family are calling on Exxon Mobil Corp. to make governance changes and increase spending on alternative fuels as oil soars close to $120.

Irving, Texas-based Exxon, a successor to the Standard Oil Co. founded in 1870 by John D. Rockefeller, is the world's largest publicly traded oil company and a favorite target of advocate groups and politicians unhappy with record prices for oil and gas and their effect on the environment.

Fifteen descendants of the oil baron are involved in four shareholder resolutions seeking changes at Exxon, including dividing the chief executive and chairmanship positions held by Rex Tillerson.

Advertisement
Los Angeles Times Articles
|
|
|