Chevron Management Hit Hard at Annual Meeting over Ecuador Liability $38 Billion In Shareholder Value Defies CEO Watson http://www.amazonwatch.org/newsroom/view_news.php?id=2102

Chevron's annual shareholder meeting erupted in chaos today after CEO John Watson received a stern rebuke from shareholders for its Ecuador environmental disaster and a 71-year-old Ecuadorian woman said the company was responsible for an environmental atrocity in the rainforest that cost her two children and was devastating the lives of thousands of people.

Chevron's management team also suffered a humiliating rebuke when shareholders supported a resolution stemming from the Ecuador problem with a whopping 26% of the vote representing approximately $38 billion in shareholder value. (Generally, any shareholder resolution that receives 10% support is considered a success given the opposition of management.)