
Scott Sheffield, the former CEO of Pioneer Natural Resources, has urged the U.S. Federal Trade Commission (FTC) to withdraw its opposition to his inclusion on Exxon's board of directors. Sheffield argues that federal regulators mischaracterized facts and wrongly vilified him, alleging he tried to collude with OPEC to prop up crude prices. He describes the FTC's actions as unjust and absurd, and claims the agency used him as a scapegoat in the Exxon-Pioneer merger. Sheffield has asked the FTC to vacate its order preventing him from joining the board, calling the ban a 'dangerous course'. The FTC conducted a six-month investigation into the Exxon-Pioneer merger.
The former chief executive officer of Pioneer Natural Resources said U.S. antitrust authorities unjustly smeared him in their move to block him from joining Exxon Mobil’s board of directors https://t.co/hghv0NUB8M https://t.co/hghv0NUB8M
Ex-Pioneer CEO Says FTC Used Him as ‘Scapegoat’ in Exxon Deal https://t.co/cvJ16S4X7E
Sheffield Responds to FTC: Ban from Exxon Board a 'Dangerous Course' - Hart Energy Pioneer Natural Resources founding CEO Scott Sheffield urges the U.S. Federal Trade Commission to vacate its order; FTC responds with defiance.
