Aaron Katsman
www.IsraelNewsletter.com

In a widely anticipated showdown, that garnered much media attention, Exxon Mobil (NYSE:XOM) Chairman and CEO Rex Tillerson will retain both his jobs, despite the best efforts of the Rockefeller family. The Rockefellers wanted to appoint an independent director and strip Tillerson of his chairman title. Rockefeller pressed for Exxon to invest more money into alternative energy technology, and take a longer term perspective, instead of focusing on just making large profits now.

According to the AP report: “All of Exxon Mobil’s acknowledged strengths are no guarantee it will remain flexible and visionary in light of the changing energy realities that lie ahead,” said Peter O’Neill, a great-great grandson of John D. Rockefeller. “That’s why we support our company having an independent chair. We are looking forward.” (Continue »)

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