Comments on: ExxonMobil’s ironic ally: Steve Milloy

By: Scholars and Rogues » Externalities - The Green Constitutional Congress, part 2

Sat, 24 Jan 2009 14:53:33 +0000

[...] not most, major businesses around the world. Entire organizations exist for the express purpose of opposing the growing trend in business toward CSR, and in too many cases, CSR is a public relations ploy rather than a serious attempt to internalize [...]

By: Djerrid

Djerrid — Wed, 28 May 2008 20:09:11 +0000

This just in: NYTimes is reporting that the move to split the two positions has been defeated.
http://www.nytimes.com/2008/05/29/business/29exxon.html?hp

By: Djerrid

Djerrid — Wed, 28 May 2008 18:24:12 +0000

Great work, Brian. I’ve been following this a little bit myself but didn’t know anything about the FEAFund’s influence. Thanks

By: Lex

Lex — Wed, 28 May 2008 16:49:43 +0000

It always warms my heart to see someone using the banner of “free markets” to control the market. As i understand it, the shareholders are part of the market and its mechanisms; their activism will either be supported or corrected by the market. Yet the Free Enterprise Action Fund wishes to constrain the inherent wisdom of its revered market. Too much gold…not enough calf. Oh were Dickens alive today to write the modern equivalent of Hard Times or Little Dorritt.

By: Brian Angliss

Brian Angliss — Wed, 28 May 2008 16:08:34 +0000

Jeff – from what I’ve read, you’re almost certainly right that the only resolution the Rockefeller family will get passed is to split the CEO and COB positions. What effect that will have on the ultimate direction of ExxonMobil over the short and long term is a question I lack the expertise (or, to be blunt, the interest) to divine.

By: Brian Angliss

Brian Angliss — Wed, 28 May 2008 16:06:26 +0000

I’m not sure I’d go quite that far, Denny. Milloy’s got the refs in his pocket and his pick of the players, so he started the game with a score of 400. I’ve got a long way to go to catch up. Still, Milloy’s such a piece of work that it’s absolutely worth attempting.

By: Dr. Denny

Dr. Denny — Wed, 28 May 2008 15:44:04 +0000

Angliss 4, Milloy 0. Nice work.

By: jeff

jeff — Wed, 28 May 2008 12:12:27 +0000

According to Exxon, the Rockefellers only own 0.006% of the shares outstanding. However, as a firm believer of share holder rights, they have every right to pursue their agenda. That being said, only one of their initiatives(related to splitting the Chairman/CEO position) will be passed and that’s because CALPERS and Fidelity are in agreement with them. CALPERS and Fidelity own a lot of Exxon.

Jeff

By: www.buzzflash.net

www.buzzflash.net — Wed, 28 May 2008 03:04:47 +0000

ExxonMobil’s ironic ally: Steve Milloy…

The man behind Junkscience.com, CSRWatch, and the Free Enterprise Action Fund, Steve Milloy, has introduced an activist shareholder resolution for tomorrow’s ExxonMobil annual meeting that would… ban activist shareholder resolutions….