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...works in progress, but remain true to yourself,” said Philip S. Koch ’78, who is a commercial advisor to Exxon Mobil. “Remember to give back to the community at large...
...chairman and CEO of Exxon Mobil, Rex Tillerson can arguably claim to have played a key role in delivering a record $40.6 billion in profit to shareholders last year. Yet many of them, including dozens of descendants of John D. Rockefeller, whose Standard Oil morphed into Exxon, don't want him to be chairman anymore. At the oil giant's annual meeting in Dallas on Wednesday, nearly 40% of shareholders voted to separate the roles of CEO and chairman atop the oil giant. It was more support than most such proposals get, yet still far shy of a majority...
...Investors this year have asked for so-called "say on pay" at some 100 companies, including Coca-Cola, IBM, General Motors, Exxon Mobil, Citigroup, Anheuser-Busch, General Electric and Wal-Mart. As companies hold their annual meetings throughout April and May, some 70 different institutional investors will be pushing to add an annual provision to let shareholders vote up or down on how companies pay their top five executives. Earlier this week, about 150 institutional investors and representatives from companies like Pfizer, Morgan Stanley, Dell, BP, Sara Lee, Fed Ex, Procter & Gamble and United Health gathered in New York...
...Venture capitalists invested $3 billion in clean tech in 2007, according to Dow Jones VentureSource, and they'd like a nice return. (But at least the VCs are spending money - federal investment in renewable energy research is a paltry $1 billion, or roughly a day of revenue for Exxon Mobil.) But there's no reason that business can't be a major part of the climate change solution, or that profit isn't concordant with a desire to save the Earth. Krupp writes about Jack Newman, a California surfer and former college dropout who helped found the promising biofuel start...
...delight of most crowds; "Go get 'em, John" is a frequent shout from the crowd - are America's CEOs. "I see the CEO of one of the biggest health insurance companies in America making hundreds of millions of dollars last year in one year. I see Exxon Mobil making billions and billions of dollars in profit, record profits. The top 1% of Americans are taking twice as much of America's income as they did 20-25 years ago," Edwards told supporters in Fort Madison today. "The biggest corporations have an iron-fisted hold on your democracy...