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That immortal line from Willy Wonka and the Chocolate Factory may explain why 75 descendants John D. Rockefeller acted as "shareholder advocates" seeking to reorganize Exxon/Mobil. They were voted down, 60+% to 39+%, in an attempt to separate the jobs of Chairman and Chief Executive Officer.
They want Exxon/Mobil to be "more responsive" and "change its ways." They want it to get into businesses other than the one that it does with almost unmatched success. They want it to be more like its largest shareholder-owned competitors (who rarely match Exxon/Mobil's success).
Second City used to do a skit in which Lenin and Stalin debated Communism -- as Marx turned over and over in his grave. The founder of Standard Oil must have set an RPM record as his descendants (who hold 6/1000 of one percent of the shares of Exxon/Mobil) tried to impose their will.
If they owned the company, they might have succeeded -- if they still held the same position. That position seems to ignore the majority of shareholders, who count on Exxon/Mobil returns and success as they prepare for retirement. Read more!
That immortal line from Willy Wonka and the Chocolate Factory may explain why 75 descendants John D. Rockefeller acted as "shareholder advocates" seeking to reorganize Exxon/Mobil. They were voted down, 60+% to 39+%, in an attempt to separate the jobs of Chairman and Chief Executive Officer.
They want Exxon/Mobil to be "more responsive" and "change its ways." They want it to get into businesses other than the one that it does with almost unmatched success. They want it to be more like its largest shareholder-owned competitors (who rarely match Exxon/Mobil's success).
Second City used to do a skit in which Lenin and Stalin debated Communism -- as Marx turned over and over in his grave. The founder of Standard Oil must have set an RPM record as his descendants (who hold 6/1000 of one percent of the shares of Exxon/Mobil) tried to impose their will.
If they owned the company, they might have succeeded -- if they still held the same position. That position seems to ignore the majority of shareholders, who count on Exxon/Mobil returns and success as they prepare for retirement. Read more!
