31 May '17, 8pm

Chevron CEO John Watson unable to respond to shareholder criticism over Ecuador liability

MIDLAND, Texas, May 31 /CSRwire/ - Chevron CEO John Watson faced a firestorm of criticism over the company’s expanding Ecuador liability at the company’s annual meeting today from a group of institutional investors , one of whom accused the oil executive of “materially mishandling” the case. Faced with mounting opposition from shareholders and allegations of violation of federal law for bribing a witness, Watson resorted to reciting complete falsehoods, clinging to “alternative facts” and cutting off the microphones. Clearly a sharp rebuke to Watson, all three shareholder resolutions presented by investors motivated by the Ecuador liability received significant support – with one receiving a whopping 39% of shareholder votes, which represents billions in assets. Normally, shareholder resolutions that receive anything over 10% of shareholder votes are considered successful....

Full article: http://www.csrwire.com/press_releases/40044-Chevron-CEO-C...

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