Since Exxon is a successor company to Standard Oil which was founded by John D. Rockefeller in the 19th Century, his descendents hold significant interests in ExxonMobil. As a result of this power, the Rockefellers sought to limit the power of Rex Tillerson by calling for the CEO and chairman positions to be split. The Rockefellers were unsuccessful on the surface, because the positions were not split, but Exxon came on-board with the Rockefeller global warming position.
A group of descendants of John D Rockefeller, who founded its predecessor Standard Oil in 1870, will begin a campaign to split the role of chief executive and chairman of the board at Exxon, a role held by Rex Tillerson.
Last night the family group issued a statement saying that the company’s leadership was “failing to address the future of energy and related industry hurdles”.
Source: Times Online