Exxon Mobil shareholders reject gay rights proposal

[TexasTowelie]

DALLAS — – Exxon Mobil shareholders voted down several proposals presented at the company’s annual meeting today, including a measure calling for the company to expressly prohibit discrimination based on sexual orientation.

That proposal, which had drawn increased scrutiny from activists in recent weeks, drew the support of just 20 percent of shares voted. The company, in advising shareholders to vote against the measure, said its policies already prohibit “all forms of discrimination” in all of its workplaces worldwide.

Other proposals calling for increased disclosures of environmental impacts, including greenhouse gas emissions, were supported by 30 percent or fewer shares cast.

The meeting included an extended response by CEO Rex Tillerson to supporters of the greenhouse gas measure, which asked the nation’s biggest energy company to set specific goals for reducing emissions and addressing risks from climate change.

Read more here: http://www.star-telegram.com/2013/05/29/4892218/exxon-mobil-shareholders-reject.html#storylink=cpy

[Ilsa]

1. I suspect most of those shares that voted

against the anti-discrimination measure and the environmental impact measure were proxy votes. I bet a lot of the shares held individually in IRAs by investors were voted by proxy by management if the shareholders didn't read their mail or neglected to act on it.

Someone correct me if my assumptions are proven wrong by the actual voting numbers.