The CEO Wants His Chair


	The CEO Wants His Chair

Matt Kirdahy

4-30-2008 10:22 AM

399 views

Matt Kirdahy says:

A move like this is important in any board's effort to remain independent of a company's senior management. The directors are the police. The separation of CEO and chairman roles eliminates questionable bias.

Add a Comment

Login to Comment. Not a member yet? Sign up

View the Top Clips from April 30, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d6cf6597-d2d8-49c8-a44e-98a0fc8b77cb/42CA873B-D821-477F-B333-57414313D1ED/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/news/story/rockefeller-family-members-urge-chair/story.aspx?guid=%7BFBD33187-DF23-4768-A0D3-C324D354F2A9%7D&dist=msr_1" href="http://www.marketwatch.com/news/story/rockefeller-family-members-urge-chair/story.aspx?guid=%7BFBD33187-DF23-4768-A0D3-C324D354F2A9%7D&dist=msr_1" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/rockefeller-family-members-urge-chair/story.aspx?guid=%7BFBD33187-DF23-4768-A0D3-C324D354F2A9%7D&dist=msr_1"><DIV id="StoryContent_TopPageNavigation_Headline">Rockefellers urge CEO, chairman split at Exxon Mobil</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/rockefeller-family-members-urge-chair/story.aspx?guid=%7BFBD33187-DF23-4768-A0D3-C324D354F2A9%7D&dist=msr_1"><B>NEW YORK (MarketWatch) -- Rockefeller family members added their names Wednesday to a shareholder resolution to separate the chief executive officer and chairman roles at Exxon Mobil Corp., setting the stage for a new showdown at the energy giant's annual meeting next month.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/rockefeller-family-members-urge-chair/story.aspx?guid=%7BFBD33187-DF23-4768-A0D3-C324D354F2A9%7D&dist=msr_1"><DIV>While family members praised CEO Rex Tillerson for his oil and gas results, they concluded that an independent board chair remains "key to Exxon Mobil's future" and that the company should step up efforts to look beyond fossil fuels at alternative energies. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/rockefeller-family-members-urge-chair/story.aspx?guid=%7BFBD33187-DF23-4768-A0D3-C324D354F2A9%7D&dist=msr_1"><DIV>"The board believes very strongly that there is NO single best organizational model that would be most effective in all circumstances," Exxon Mobil said. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/rockefeller-family-members-urge-chair/story.aspx?guid=%7BFBD33187-DF23-4768-A0D3-C324D354F2A9%7D&dist=msr_1"><DIV>Exxon Mobil has urged shareholders to vote against the resolution, which, if passed, would have to get an approval from the board itself. </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/42CA873B-D821-477F-B333-57414313D1ED/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Blog; Copyright; Privacy; EULA

Search Options

Related Clips

More clips from Matt Kirdahy

Today's Top Clips