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Tillerson to cede control in Exxon

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Mr Tillerson will relinquish about US$240m in Exxon shares to avoid a conflict of interest.

Hong Kong

REX Tillerson, former Exxon Mobil Corp chief executive and president-elect Donald Trump's pick for US secretary of state, will relinquish control of about US$240 million in company shares if confirmed as he severs ties to comply with conflict-of-interest requirements.

If

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