Tuesday, April 29, 2008

Shake-up at Exxon?

Exxon Mobil recently recorded the highest quarterly profit ever made by a US company, so you would think the shareholders would be pleased. Not the Rockefeller family apparently. Reuter’s reports that the family wants to appoint an independent chairman and is holding a press conference tomorrow. Family members have previously been critical of the company’s stance on climate change, which until relatively recently was outright denial, so it will be interesting to see what they propose tomorrow. For the Reuter's story see http://www.reuters.com/article/marketsNews/idUSN2850626520080428.

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