Sorry for the late reply, but I am correct from what I've read. You'll owe me some reps after this.....Originally Posted by RaNdomGuy
source plz. That is not accurate
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Investors Seek Meeting with ExxonMobil Execs over Climate Policy
Source: GreenBiz.com
HARTFORD, Conn., and BOSTON, Mass., May 22, 2006 - Seventeen leading U.S. pension fund and other institutional investors controlling $658 billion in assets are pushing for a face-to-face meeting with independent members of the ExxonMobil board of directors as a result of growing financial world concerns that ExxonMobil is "a company that fails to acknowledge the potential for climate change to have a profound impact on global energy markets, and which lags far behind its competitors in developing a strategy to plan for and manage these impacts."
Pension fund trustees from seven states, New York City, and eight other major institutional investors with over 110 million ExxonMobil shares worth an estimated $6.75 billion made the request for the meeting this week. All those seeking the action from Exxon Mobil are members of the Investor Network on Climate Risk. The group of 17 consists of six state treasurers (Connecticut, California, Pennsylvania, Maryland, Maine, Vermont), the California State Controller, the California Public Employees' Retirement System (CalPERS), the New York State Comptroller, New York City Comptroller, Evangelical Lutheran Church in America, General Board of Pension and Health Benefits of the United Methodist Church, International Brotherhood of Teamsters, Tri-State Coalition for Responsible Investment, Walden Asset Management, The Nathan Cummings Foundation, and the Sheet Metal Workers Pension Fund.
This is from another source: http://www.commondreams.org/news2001/0525-02.htm
WASHINGTON - May 25 - Campaign ExxonMobil and US PIRG praised the New York City pension funds for their decisions to support environmental proposals put forward by shareholders calling on ExxonMobil to improve its consideration of environmental issues. The pension funds include the New York City Employee Retirement System, the New York City Teachers Retirement System, the New York City Police Pension Fund and the New York City Fire Department Pension Fund. The Pension funds have $80 billion under management and collectively own roughly 13,500,000 shares in ExxonMobil, or $1.1 billion worth of stock.
These are just two quick examples of LARGE pension/retirment fund(s) that are MAJOR investors in Exxon/Mobil alone. They do this because Exxon is a consistent performer and thereby offers retirees a good dividend return on their retirement fund investment.
Now, if Hillary TAKES all those "profits" away from the company......WHO do you think will NOT receive dividends???
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