Apr

Rockefellers Rock Exxon’s Boardroom–Not Green Enough

Posted by admin Published in Auto Blog, Green

What does it say when one of America’s most vigorous families wants to shake up the world’s largest corporation considering it isn’t sufficiently green?

Descendants of John D. Rockefeller, who founded Exxon’s predecessor
Standard Oil in 1870, will start a campaign nowadays to split the role of chief
executive and chairman of the board, a role held by Rex Tillerson. Why? He has losed out “to address the future of energy and related industry hurdles,” according to a statement released by the family.

More than 100 Rockefeller descendants hold shares in Exxon
through a variety of trusts, but the exact percentage is unknown.

The campaign is being led by Neva Rockefeller Goodwin, an economist
and great-granddaughter of John D. Rockefeller.

The timing is interesting. final year,

Exxon Mobile posted the largest quarterly profits in corporate U.S. history. Exxon is rolling in dough. You’d think that would keep everybody happy.

What’s the royal beef? Read after the jump.

In a statement yesterday, Neva Rockefeller said, “The truth is that Exxon
Mobil is profiting in the short term from investments and decisions
made many years ago, and by focusing on a narrow path that ignores the
rapidly shifting energy landscape around the world, including
developing nations.”

The Rockefellers plus say
that Exxon Mobil is lagging behind competitors in the growing market
for renewable and alternative energy.