Exxon Shareholders Vote Against Splitting Chairman, CEO Roles
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Exxon Mobil Corp. shareholders voted against separating the roles of chairman and chief executive officer as the oil giant navigates a historic collapse in crude prices.
Just 33% of investors backed the proposal to create an independent chairman position, compared with 41% last year. Proxy advisers Glass Lewis & Co. and Egan-Jones Proxy Services had recommended that shareholders vote in favor of the plan.