Financial Times FT.com

Oil

ExxonMobil investors reject calls for reform

By Sheila McNulty in Houston

Published: May 28 2009 00:35 | Last updated: May 28 2009 00:35

ExxonMobil investors on Wednesday rejected shareholder proposals aimed at bringing the policies of the world’s biggest publicly listed oil company in line with competitors.

In stark contrast to rebellions at Royal Dutch Shell and BP, shareholders voted against requiring Exxon to review its executive compensation policies – an issue taking investors by storm in Europe.

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