Chevron’s Board of Directors has urged shareholders to reject proposals at its April 25th board meeting that require the company to report on human rights violations, comply with greenhouse gas emission standards and separate the CEO and Chairman positions, so there’s more accountability at the company.
Chevron CEO David O’Reilly has talked a good game around the nation recently about the company’s commitment to alternative fuels, but when push comes to shove Chevron’s board of directors just is not ready for a commitment to specific goals for reducing greenhouse gases.
What does the board want to do? Add a member to its ranks, a drug company CEO who can certainly share that industry’s secrets about how to extract top dollar for a necessity of life, even if it means death to those without the dollars to put up. Amgen CEO Kevin Sharer also worked for MCI, GE, and McKinsey and Company. Chevron is clearly serious about maximizing its ability to maximize profit,. Lesser problems like human rights, global warming or more accountability to shareholders be damned.