It has become a habit when Exxon Mobil has a blockbuster quarter, as it did last week, for the company to come under fire for driving up gasoline prices. But attacks from the heirs of John D. Rockefeller, the indomitable capitalist who formed the Standard Oil Trust, which eventually became Exxon?
Exxon Task Force
Independent multilateral investigation program World Force One
Taking the FBI to Task . .
Exxon Task Force
Lee R. Raymond, who retired from Exxon in December, was paid more than $686 million from 1993 to 2005.April 15, 2006BusinessSidebar
If Rex W. Tillerson has his way, Exxon Mobil will no longer be the oil company that environmentalists love to hate.March 30, 2006BusinessNews
serving truth, that truth may serve Lee Raymond, ex-CEO of ExxonMobil
Citizen's complaint addressed by ir. Stephan GM Tychon, Chief Officer of Change with the European Duality Council -WSC- to the U.S. Department of Justice's Southern District Attorney on March 31, 2004. (first set of documents below)
On Monday, November 15. 2006, a new consumer's complaint was filed with the Office of the Texas Attorney General, Greg Abbott, Dalles addressing impropriaties during the Enron trial (breached freedom of speech) and the position and conduct of ExxonMobil, Shell and Gasunie related to global energy fundamentals defining industrial dominance as a global problem. Document will follow soon under 'World Force One' : Exxon/Shell folder. Same was filed with the U.S. Attorney General's Office in Houston, November 16, 2006. (second set below)
United States Attorney, Southern District of Florida 99 N.E. 4 Street, Miami, Fl 33132 (305) 961-9000 MARCOS DANIEL JIMENEZ, UNITED STATES ATTORNEY signed: TINA CASH, PARALEGAL SPECIALIST-CRIMINAL DIVISION (305) 961 9173 forwarding same to the U.S. Federal Bureau of Investigation (FBI)
exerpt US-registered global warning:
'Exxon is Killing Enron' & 'Cheap Oil is Killing US All!'
MOST WANTED WORLD-WIDE:
for Global Crime, Conspiracy Fraud & Bad Governance:
Guilty? Me? Of what? Hiding the truth & not making you as smart as I am?
Michael E. Anderson, Supervisory Special Agent of the FBI Enron Task Force of the United States of America, who very kindly personally reviewed my citizen's complaint against ExxonMobil, Shell and the international Gasunie of the Netherlands (see first doc. above) with the United States Attorney of the Southern District of Florida during the Enron trial in Houston, spring 2006, is delivering his speech in planetary session during the third Symposium of the Independent Commission Against Corruption (ICAC) in Hong Kong, may 9-11, 2006. See also photo gallery at: www.icac.org.hk/symposium
Michael E. Anderson, FBI-USA
Consumer Complaint filed with the Attorney General of Texas, Greg Abbott on nov. 15, 2006 and same with the United States Attorney General's Houston Office on nov. 16, 2006:
Stephan Tychon vs. ExxonMobil and Shell, 11-15-06
compare Incorporated Governance:
Rockefeller kin urge Exxon to think beyond oil
15 descendants push for renewable energy, cuts in warming emissions
Photo by Mark Lennihan, Ap
MSNBC News Services
updated 11:45 a.m. ET April 30, 2008
NEW YORK - Members of the Rockefeller family, descended from the founder of what became Exxon Mobil Corp., challenged the oil giant Wednesday to focus more on renewable sources of energy.
They also seek to establish a task force study of the consequences of global warming on poor economies, and called on Exxon to reduce greenhouse gas emission at its own operations.
Exxon is "profiting in the short term from investments and decisions made many years ago by focusing on the narrow path that ignores the rapidly shifting energy landscape around the world, including developing nations," said Neva Rockefeller Goodwin, a great granddaughter of John D. Rockefeller.
The family members, who describe themselves as the company's longest continuous shareholders, said they are concerned that the Irving, Texas-based company is too focused on short-term gains from soaring oil prices and should do more to invest in cleaner technology for the future.
"They are fighting the last war and they're not seeing they're facing a new war," said Peter O'Neill, who heads the Rockefeller Family committee dealing with Exxon Mobil and is the great-great-grandson of John D. Rockefeller.
He said he had the support of more than 80 percent of family members over the age of 21. Family representatives said it was a significant holding for the Rockefellers but that they were not sure how much of the company they actually own collectively.
Exxon Mobil was formed by the combination of two offspring of John D. Rockefeller's Standard Oil Trust. It is now the world's largest publicly traded oil company.
Members of the family said they have sponsored four proxy resolutions this year that raised concerns about the company's leadership under Chairman and Chief Executive Rex Tillerson. They also said they have spent years behind the scenes prodding the company to change its approach to the oil business.
'Trying to keep a giant ... from falling'
"We all know the saying: The bigger they are, the harder they fall," said Connecticut State Treasurer Denise Nappier, who oversees a pension fund that holds $300 million in Exxon Mobil stock — its largest single equity investment. She spoke at a press conference alongside the Rockefellers.
"We are trying to keep a giant — and it truly is a giant in the oil and gas industry — from falling," Nappier said.
Goodwin called on Exxon to reconnect with the forward-looking vision of her great grandfather.
"Kerosene was the alternative energy of its day when he realized it could replace whale oil," she said. "Part of John D. Rockefeller's genius was in recognizing early the need and opportunity for a transition to a better, cheaper and cleaner fuel."
Huge profit expected
The company's board is recommending shareholders vote against a proposal to split the role of chairman and CEO. In a recent proxy statement filed with the Securities and Exchange Commission, the board said "that the most effective leadership structure for Exxon Mobil Corporation at the present time is for Mr. Tillerson to serve as both Chairman and CEO."
Exxon Mobil spokesman Gantt Walton said the company has met with members of the Rockefeller family on multiple occasions and "respects the rights of all shareholders to make their views known," but that it does not comment on details of meetings with shareholders.
The stock is up more than 63 percent since Tillerson became CEO on Jan. 1, 2006, compared with a gain of 11.4 percent for the broad S&P 500 index over the same period.
The Associated Press and Reuters contributed to this report.
From Tribune news services of www.chicagotribune.com
"We feel tied very closely to this company, and that's why we feel so passionately about them becoming the best company they can be," said Neva Rockefeller Goodwin, an economist and family member who briefed reporters.
Can Rockefeller Heirs Turn Exxon Greener?
It turns out that some of John D.’s descendants would like to see changes at the oil giant and are publicly challenging the company’s current boss, Rex W. Tillerson. Specifically, they are behind proxy resolutions demanding that the roles of chairman and chief executive be split and that Exxon invest more in alternative energy.
“They are fighting the last war and they’re not seeing they’re facing a new war,” said Peter O’Neill, a great-great-grandson of the company’s founder. Another family member, Neva Rockefeller Goodwin, an economist, said, “we feel so passionately about them becoming the best company that they can.”
Exxon didn’t seem too shaken by the threat from the Rockefeller name. It points out that these family members represent only 0.006 percent of Exxon’s stock.
Exxon’s shareholder meeting is May 28. The board has recommended voting against the resolution splitting the chairman and chief executive positions.
“We take their concerns very seriously” Kenneth P. Cohen, a company representative, said, “as we do those of all our shareholders.”
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