• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Leadership

Critics Ask if Tillerson Can Turn From Corporate to National Interest

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
December 11, 2016, 1:30 PM ET
Squawk Box - Season 20
SQUAWK BOX -- Pictured: Rex Tillerson, chairman, president, and CEO of Exxon Mobil Corporation, in an interview on December 3, 2014 -- (Photo by: Martin H. Simon/CNBC/NBCU Photo Bank via Getty Images)CNBC NBCU Photo Bank via Getty Images

The central question facing Exxon Mobil Corp. Chief executive Rex Tillerson if he becomes U.S. Secretary of state is whether a life-long oil man with close ties to Russia can pivot from advancing corporate interests to serving the national interest.

Tillerson, 64, got his start as a production engineer at Exxon in 1975 and has worked there ever since, running business units in Yemen, Thailand and Russia before being named chief executive in 2006. He was expected to retire next year.

Critics suggested that if President-elect Donald Trump were to choose Tillerson – as a source familiar with the situation said he was expected to do – it would continue a trend of selecting some aides who may favor a softer line toward Moscow.

Among these is Trump’s pick for national security adviser, Michael Flynn, who raised eyebrows when he sat beside Russian President Vladimir Putin at a Moscow banquet last year and who has argued that the United States and Russia should collaborate to end Syria’s civil war and to defeat Islamic State militants.

Some former officials said it was an open question whether Tillerson could make the transition from running Exxon, a vast company that explores for oil and gas on six continents, to the even greater complexity of being secretary of state.

Meet Exxon Mobil’s CEO, Rex Tillerson

“Negotiating a real estate deal or an oil contract with Saudi Arabia is not the same thing,” said Aaron David Miller, a former State Department Middle East specialist now at the Wilson Center think-tank in Washington.

“It’s not a complicated summit where you are trying to reconcile historical woundings, religious identities, sectarian tensions.”

“I’m not arguing that he can’t make this conversion. I just don’t think we know.”

‘A STRAIGHT ARROW’?

Many U.S. Officials are worried by Russia’s increasingly aggressive behavior. It annexed Crimea from Ukraine in 2014, has supported Syrian President Bashar al-Assad in the Syrian civil war and is accused of interfering in U.S. Domestic politics.

U.S. Intelligence analysts have concluded that Russia intervened in the 2016 election to help Trump defeat Hillary Clinton, and not just to undermine confidence in the U.S. Electoral system, a senior U.S. Official said.

For more on Trump’s cabinet picks, watch:

In his role at Exxon Tillerson maintained close ties with Putin and opposed U.S. Sanctions against Russia for its incursion into Crimea.

Daniel Yergin, author of the Pulitzer Prize-winning The Prize: the Epic Quest for Oil, Money, and Power, said Russia represented a relatively small portion of Exxon’s overall operations and played down its significance.

“It was a business relationship,” Yergin said.

“The whole Russian thing is so much front and center now so it’s inevitable that those questions be asked but, obviously, if you are a major oil company, you want to go to where your resources (are). You have to replace your reserves,” he added.

“If he becomes secretary of state, the interests he will pursue will be U.S. Interests. This is an Eagle Scout kind of guy. He was president of the Boy Scouts,” he said. “He is a straight arrow. If that’s his mission, that’s what he’ll do.”

What It’s Like Inside Donald Trump’s Cabinet Interviews

In an interview to be aired on Fox News Sunday, Trump praised Tillerson as “much more than a business executive.”

“He’s a world class player,” Trump said. “To me, a great advantage is he knows many of the players, and he knows them well.”

However, Senator Robert Menendez of New Jersey, a senior Democratic member of the Senate Foreign Relations Committee that would weigh Tillerson’s nomination, was unsparing in his criticism of the possible appointment.

“Reports that Rex Tillerson could be nominated to be our nation’s top diplomat (are) alarming and absurd,” he said. “With Rex Tillerson as our secretary of state the Trump administration would be guaranteeing Russia has a willing accomplice in the president’s cabinet guiding our nation’s foreign policy.”

Should Tillerson be nominated, climate change could be another controversial issue.

Exxon is under investigation by the New York Attorney General’s Office for allegedly misleading investors, regulators and the public on what it knew about global warming.

Donald Trump: Cabinet Choices Should ‘Make a Coins2Day’

However, if chosen, Tillerson would be one of the few people selected for major roles in the Trump administration to believe that human activity causes climate change.

After Trump’s election, Exxon came out in support of the Paris Climate Agreement. It has also advocated for a carbon tax and internally factors in a theoretical price on carbon as it weights manufacturing and exploration costs of projects.

Some environmental groups are alarmed at the prospect of Exxon’s CEO as the country’s top diplomat.

“Donald Trump appears intent to undo a century of environmental and social progress and return America to the age of robber barons and corporate trusts,” said Carroll Muffett, president of the Center for International Environmental Law.

“Who better to turn to than Exxon, the granddaddy of them all?”

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.