Financial Times FT.com

Rockefeller family to push for shake-up at Exxon

By Sheila McNulty in Houston

Published: April 29 2008 03:00 | Last updated: April 29 2008 03:00

The Rockefeller family, the longest continuous shareholder in ExxonMobil, is abandoning its behind-the-scenes role at the company to press for corporate governance reforms including an independent chairman and a stronger board.

Family representatives have called a news conference in New York tomorrow to rebuke the world's largest oil company, which began as part of John D. Rockefeller's Standard Oil.

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