EXXON CHAIRMAN GETS $400 MILLION RETIREMENT PACKAGE AMID SOARING GAS PRICES

ABC News via Drudge ^

[aShepard]

Well, that Fatso Raymond got a pretty good deal, seeing as howw the profit at Exxon was created by OPEC pricing, not Exxon operations!

[aShepard]

So Raymond got:

Salary $4.0 million
Bonus $4.9 million
Stock options $32.0 milion,
Stock Dividends on the stock he owns $3.1 million
Annual pension about $7.0 million, or present cash value of $98 million.

That's on top of the $225 million in stock that he owns, and
Stock options with a market value of $252 million

He should thank OPEC!

[b4its2late]

Only $400 million? Exxon/Mobile is being a bit chinsey, don't you think?

[the invisib1e hand]

Good for him. He's not running a charity or public service operation. Every business has its day if its around long enough.

And "OPEC pricing?" Please -- dispense with the thoughtless cliches. There's bit more going on in the energy market than "OPEC."

[dead]

Seems like a lot, but its not my money nor my place to tell Exxon what to do with theirs.

[kjo]

I love the free market. But something is wrong here. How come my neighborhood Exxon station is not offering me newspaper coupons to buy their gas instead of Shell's?

That's the way it works in the pizza business. Something is otta wack here. It's long past time that SOMEBODY looked into how these companies do business. And I mean somebody that can't be bought.

Who? I have no idea.

[IronJack]

Time for the Free Traders to chime in and insist that Exxon is just a buncha good ole boys never meanin' no harm, and that we should be glad to pay whatever they ask for gas because they're shining examples of the capitalist ideal.

[dfwgator]

So what do you want. The government to cap CEO bonuses.

If the stockholders are ok with it, then I'm ok with it.

[xcamel]

States Gouge 1.6 BILLION In Excess Fuel Taxation

..LWP* and MSM silent on issue

(*lwp = liberals without principles)

[macamadamia]

so

[Uncle Fud]

Institute for Policy Studies, an independent think tank

Oh yeah.

[ConTex]

Raymond is a HUGE 'outsource everything at all costs'. Trust me on this, he move a TON of jobs out of the US for the hell of it.

[Semper Paratus]

Bet compensation for Hollywood Producers is up in a down movie market.

[WoofDog123]

if you are going to get top talent to run one of the largest companies in the world, you are going to have to be willing to pay for performance. His compensation contract would have been made years ago, and the reason the package is so big is due to his stock and option holdings, which reflects in great part the financial success of the company and its merger with Mobil. Also worth noting that the bulk of his package is STILL tied to XOM stock price.

[putupjob]

I see I got into the wrong line of work.

[cweese]

8.2% profit ain't exactly much to brag about, especially when compared to last years profits in the pharmaceutical (18.5%) and banking industries (18%).

[xcamel]

~~~~ Drive-By Media ~~~~

[coconutt2000]

and use of a corporate jet for professional purposes.

Pretty way of saying, "lobbying."

[ConTex]

If you believe what's reported and what's actual is real, then I got some enron stock to sell you.

[MNJohnnie]

Yep and the State and Federal Governments made $180 BILLION in tax revenue off just Exxon's sales. So all you DNC Virtual Campaigners and closet Socialists explain why I should be upset with Exxon who made $36 Billion and not the Govt that made $180 billion OFF of just Exxon?