Anonymous Report This Comment Date: June 26, 2008 07:18PM
John D. Rockefeller founded the Standard Oil Co. in 1870 and it became a
precursor to Exxon Mobil. Exxon Mobil is the world's largest publicly traded oil
company based on market capitalization and is a favorite target of consumer
advocate groups and politicians unhappy with record prices for oil and gas and
their effect on the environment.
Fifteen descendants of the oil baron are involved in four shareholder
resolutions seeking changes at Exxon, including dividing the CEO and
chairmanship positions held by Rex Tillerson.
Peter O'Neill, great-great-grandson of Rockefeller, said 66 of the 78 adult
Rockefellers currently supported their stance.
Exxon posted the largest ever annual profit by a U.S. company last year and its
first-quarter results, scheduled for Thursday morning, are expected to be at or
near record levels.
But the Rockefeller's said the company was too focused on short-term windfalls.
They said the company's reluctance to invest in alternative energy could result
in lost profits down the road.
Neva Rockefeller Goodwin, great granddaughter of John D. Rockefeller and a Tufts
University economist, called on Exxon to reconnect with the forward-looking
vision of her great grandfather.
"Kerosene was the alternative energy of its day," Goodwin 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."
The group, which also seeks to establish a task force to study the consequences
of global warning on poor economies, called on Exxon to reduce greenhouse gas
emission at its own operations and adopt a renewable energy policy.
Exxon said it supports the Rockefeller's right to use the shareholder proposal
process to make the family's views known to other stakeholders.
The company has asked shareholders not to support the proposals and said it
believes the most effective leadership structure for the current company is for
Tillerson to serve as both chairman and CEO.
[
www.latimes.com]
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Sooner or Later they always get their way..... and you suffer from them!
Anonymussolini Report This Comment Date: June 27, 2008 09:27AM
Tax the everliving dogshit out of them, regulate the speculators and then tax
the dogshit out of THEM as well and then sentence them to spend the rest of
their lives driving a 1989 Yugo.
If they can't be responsible in earning their fortunes, let 'em spend the rest
of their lives being taught some "social" responsibility.
Our Grandparents wouldn't stood for this horseshit and it's a sad commentary on
our generations that not only have we lost control of corporate greed we managed
to do it while miraculously and simultaneously losing control of governmental
greed.
Instant Fascism. Just add Dictator.
jgoins Report This Comment Date: June 27, 2008 11:45AM
Yeah tax the shit out of them, that'll lower the prices. Guess who will pay
those taxes? We will, they wil pass the taxes on to the consumer in the price
per gallon. Every time there has been a tax increase the cost of gas increased
to cover it, look back in history to see it.
Anonymous Report This Comment Date: June 27, 2008 02:26PM
So we tax the shit out of anybody that's making money???
I think I'd rather buy Exxon stock...
FrostedApe Report This Comment Date: June 27, 2008 03:13PM
I have to drive a pickup for work, and it hurts to fill it up. Exxon made
$10.9 Billion in the first quarter of this year, but it was on $116 Billion in
income. That comes out to 9.3% profit, and that's not excessive by any
reasonable standard. Everyone's looking for someone to blame, but blaming
Exxon, or "taxing the shit out of them", isn't going to put any more
oil in the pipeline, and that's the only thing that will make the price go down.
Anonymous Report This Comment Date: June 27, 2008 10:40PM
FrostedApe Wrote:
-------------------------------------------------------
> I have to drive a pickup for work, and it hurts to
> fill it up. Exxon made $10.9 Billion in the first
> quarter of this year, but it was on $116 Billion
> in income. That comes out to 9.3% profit, and
> that's not excessive by any reasonable standard.
> Everyone's looking for someone to blame, but
> blaming Exxon, or "taxing the shit out of them",
> isn't going to
put any more oil in the pipeline,
> and that's the only thing that will make the price
> go down.
Just don't use as much gas, I know this is "unrealistic"... BUT.....
if people would for the most part just "strike" gasoline the prices
would plummet, they would have shitloads in stock. Free Market?
jgoins Report This Comment Date: June 28, 2008 11:22AM
We must conserve. The high gas prices have nothing to do with supply, it all
started out with the gas companies just raising prices to see how high they
could go before people started cutting back and people haven't cut back yet.
Prices are determined by what the market will bear and it seems that the market
will bear even higher prices. We are not curtailing our vacations or cutting
back on our trips to the store. I know we have to use our cars to go to work
but do we have to make 2 or 3 trips to the store because we forgot something the
first time? Use your vehicle for transportation to and from work and if you
need to go to the store or anywhere else just do it during one of those trips,
otherwise leave it in the driveway. Do you really have to go out to eat or
visit friends or go the the movies.