MIDLAND, Texas, May 28 (Reuters) – Shareholders of Chevron
Corp, the second-largest U.S. oil company, rejected a
proposal on Wednesday to split the roles of chairman and chief
executive, both currently held by John Watson.
The vote casts further doubt on the long-running campaign by
shareholder activists to force some of the largest U.S.
corporations to splice the positions, a step they say would
support greater oversight and transparency.