Credit: Reed Saxon/AP In Unconventional Move, FTC Hinged OK of $65B Exxon Merger on Casting Aside 'Collusive' Director
Mark Sheffield "should be nowhere near Exxon's boardroom," the Federal Trade Commission's Kyle Mach said.
May 03, 2024 at 03:30 PM
4 minute read
Regulation
The Federal Trade Commission this week gave Exxon Mobil the green light to complete its $65 billion purchase of the natural gas company Pioneer Natural Resources, doing so only after Exxon promised not to add Pioneer founder, director and former CEO Mark Sheffield to its board.
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