After Exxon...

So, what happens next?

Many of you wrote in to ask if Bob is giving up on Exxon. And, the answer is no. While he plainly expressed his frustration and dissatisfaction with the annual meeting process at Exxon, that doesn't mean he won't be involved. He plans to submit the resolution to split the ExxonMobil CEO and Board Chairman again next year because this is something he believes is essential to the long-term health of the company. And he has suggested that there are other companies that need his attention. Look for more on that over the next year.

It's also worth noting that the resolution for a mandatory split of the CEO and Board Chairman positions at Exxon was very high for a mandatory change. Most shareholder resolutions are precatory or advisory so putting forth a mandatory change was a bold move and not expected to win. But it does raise an issue because while the effort didn't pass, a good number of the company's owners were willing to pass a measure that called for direct and explicit change to how the company operates.

Stay tuned and stay in touch.