Rex Tillerson holds two positions in the Exxon Mobil Company. The first one is the Chairman position and the second one is that of the company CEO. Tillerson inherited the second role from Lee Raymond when the latter individual decided to retire and ever since that point Tillerson has held both of these top level executive positions, much to the chagrin of a large number of investors within the company.

At the annual investors meeting, a motion was introduced to force Tillerson to resign from the position of Chairman, introducing to take his place someone that could be considered an independent director. A similar motion was introduced last year, getting 40% of the vote and failing to pass. The same motion this year gained around 39% of the vote, failing to reach the previous benchmark even in spite of strong support for the motion by the Rockefeller family.

It seems as if the status quo is what investors in Exxon can expect to continue to see for some time to come, although with the record profits that the company has been raking in for the past couple of years, it is perhaps not a surprise that Rockefeller’s descendants failed as many investors are wary of rocking the boat during economic uncertainty. The don’t fix something that isn’t broken mentality is pervasive at the moment, which means that Tillerson will likely hold onto both positions for some time to come.

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