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US FTC trying to 'release' Pioneer founder 'from accountability,' former chair Khan says

( May 5, 2025, 17:30 GMT | Official Statement) -- MLex Summary: The Republican-led US Federal Trade Commission's plan to set aside its merger consent decree for the ExxonMobil-Pioneer Natural Resources deal — which barred Pioneer founder Scott Sheffield from serving on the merged entity's board of directions — would "let this oil exec off the hook," Democratic former FTC Chair Lina Khan wrote on X. "By law, @FTC must take public comment on the proposal to release the oil executive from accountability. Anyone can submit a comment through May 12," she wrote.Posts on X follow below:...

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