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WINDY CITY TIMES
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Clout! Business News: EXXONMOBIL
27.1% OF SHAREHOLDERS VOTE FOR CHANGE
2003-06-11
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This article shared 3582 times since Wed Jun 11, 2003
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ExxonMobil shareholders voted recently to strongly support a shareholder resolution to amend the company's written equal
employment opportunity (EEO) policy to include the category of sexual orientation.
27.1 percent of ExxonMobil shares were voted in support of the resolution, according to results released at the annual
shareholder meeting. This was an increase of 15% over last year's vote and represents over $55 billion worth of shares voted. The
proposal was sponsored by the New York City Employees Retirement System (NYCERS), the Human Rights Campaign Foundation,
Walden Asset Management, the Unitarian Universalist Association and three individual shareholders. The resolution was presented
in Dallas by a representative of the Unitarian Universalist Association.
ExxonMobil's continued resistance to changing its policy leaves it increasingly isolated in corporate America. It is one of only 10
companies in the Fortune 100, and one of only three companies in the Fortune 50, without such a policy, according to the Human
Rights Campaign.
This was the fifth year the resolution has been voted on by stockholders. In May 2002 the resolution garnered 23.5 percent of the
vote, up 81 percent from the vote in 2001. |
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This article shared 3582 times since Wed Jun 11, 2003
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