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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jun 01, 2006
Page
5
Local stock listings show several issues trading above one dollar with notable gains. Traders monitor price movements across regional exchanges, highlighting issues tied to community firms and mid cap sectors.
Exxon Mobil Corp shareholders rejected resolutions to curb executive pay as chairman Rex Tillerson defended board restraint after former CEO Lee Raymond received 49 million in cash and stock plus a 98 million pension. Tillerson warned against linking high oil prices to policy, said the company would persist in oil exploration, and noted new governance concerns with limited support for the resolutions amidst protests.
A Sun former reporter notes life hacks WD-40 and duct tape. A corporate advisory firm urges withholding votes from four Exxon Mobil directors on the compensation committee. North Carolina treasurer says state pension fund will withhold votes from five Raymond directors in protest of pay.
U S stock indexes closed May with gains on Wednesday despite minutes from the Fed's May meeting signaling potential June rate hikes. Analysts note inflation concerns remain a key factor, with oil prices and economic strength shaping investor expectations. A prior Tuesday slide followed weak Wal Mart results and softer consumer data.
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