Exxon to face off against investors

Reuters
Posted: 2008-05-28 09:14:06+05:30 IST
Updated: May 28, 2008 at 0914 hrs IST

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monolithic corporate culture, which prevents it from moving in new and innovative directions.

Exxon also faces 16 other shareholder proposals at the annual meeting, all of which the company suggested shareholders vote against.

They include seven proposals about the company's environmental policies and impact and three proposals on Exxon's executive compensation.

Another proposal asks shareholders to vote to prohibit nonbinding or advisory shareholder proposals, unless the board takes specific action to approve such proposals.

Exxon's rival Chevron Corp will also hold its annual meeting on Wednesday in San Ramon, California....

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Exxon to face off against investors

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