Chevron Clashes With Investors, Activists Over $19B Fight

Law360, New York (May 29, 2013, 8:05 PM EDT) -- Chevron Corp. clashed with environmental advocates and its own investors at its annual meeting in California on Wednesday over a looming $19 billion Amazon pollution judgment, as shareholders mounted attacks on CEO John Watson’s authority while protesters outside called for his firing.

A resolution seeking to enhance the ability of investors to scrutinize company leadership received the backing of approximately one-third of company shareholders, while 22 percent of shareholder votes backed a resolution demanding the appointment of an independent director with environmental expertise.

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