Rockefeller Heirs Demand Exxon Look to the Future
John D. Rockefeller's heirs today demanded that Irving-based ExxonMobil -- otherwise known, way back when, as Standard Oil -- get its head out of its oil drum and start looking into "renewables and alternative fuels," pronto. Said Peter O'Neill, the Rockefellers' liason to the ExxonMobil cartel and John D.'s great-great-grandson, his family's been trying to get CEO Rex Tillerson to listen privately, but since he hasn't, it was time to go public. As in:
"It was not an easy decision for the majority of the Rockefeller Family to go public with our concerns. In fact, we have worked behind the scenes for a number of years now with ExxonMobil to avoid having to do so. I want to be very clear that as an ExxonMobil shareholder, I have a world of respect for what the company has done well. In fact, if the next 20 years of the energy business were just going to be about oil and gas, we probably wouldn't be here today."
What the Rockefellers really want is for Tillerson to be either CEO or chairman of the board, but not both. It's among their myriad proposed resolutions, which they want voted on at ExxonMobil's annual meeting on May 28 at the Morton H. Meyerson Symphony Center. And those things are always a wingding. --Robert Wilonsky