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

ABC News via Drudge ^

[BW2221]

"The sneer was only effective when he got his ten chins out of the way! LOL"

Maybe he had a retirement deal where he was paid $40 million a chin.

[ConTex]

Pathetic. Don't answer the question at all, and ask another. LAME. I'll treat your question with the same respect as all the pro ExxonMobil corp nonsense on this thread deserves. Especially when your side won't answer anything whatsoever. Answer my questions, and I'll try to answer yours.

[the invisib1e hand]

I wonder if Raymond will break down in abject apology and beg the world for forgiveness like GE's Jack Welch, or stand firm and proudly declare he was worth his severance package like NYSE's Dick Grasso?

I can discern no clear message from this clever post. Are you demonizing Welch along with the popularly demonized Grasso? Or being poetic? For starters, Grasso's compensation is no one's business but his and the NYSE's -- it was privately held at the time.

Welch, Grasso, and Raymond each ran or run enterprises that are so integral to civilized life as to be taken completely for granted. If any were to be run into the ground tomorrow -- by gross mismanagement, let's say, due to a mediocre CEO earning a mediocre wage -- it couldn't be replaced at any cost -- though the world would promise $400 million dollars a year for life to anyone who could even act like he was capable of running it.

[stockstrader]

Ahhh,,,,k...that figures. It's obvious that you react to facts like Linda Blair reacts to Holy Water.

Once again, have a nice day!..:)

[Young Scholar]

This thread will bring out the populist plebeians in masses.

[hosepipe]

Severe ENVY alert...

[stockstrader]

No question about it. And I have ALREADY provided the solution!!

Let's let the government determine how much money the oil companies should make,,,and how much each exec should be paid!!

Simple. It worked in old Russia, Cuba and North Korea. THEY DO NOT HAVE THIS PROBLEM!..:)

[ConTex]

Funny, I asked you to answer questions I asked you, and you accuse me of not answering. I guess that's ok with you.

[Democratshavenobrains]

Guys like this make it hard to defend capitalism.

[the invisib1e hand]

Listen, with all due respect -- however much that is -- this argument is nonsense. It's plain and simple class envy. You're in a tizzy about high gasoline costs and the fact that someone is in a much better place in life.

If you can do a better job on thirty grand a year, send in your resume. Stockholders are always looking to cut costs.

[aShepard]

......"The ABC News poll, "Is Raymond's retirement package fair?", is getting 90.0% "yes" and 9.6% "no".
Are ABCNews' readers really more conservative than Freepers???..........

Got'ta say amazing! And to think that he has an Anglican name, and probably has no need "for a green card"

[stockstrader]

If you can't even do the minimal research that I suggested so that you wouldn't continue to embarrass yourself, well,,,,yes,,it IS fine with me!)

For the third time, have a nice day!..:)

[ConTex]

It's not class envy. I don't care about how me he makes really. I do care that it's SUCKING out of the US economy. Same as Exxon itself has been.

[the invisib1e hand]

Guys like this make it hard to defend capitalism.

This makes no sense at all. "Guys like this" make capitalism shine.

Perhaps you're mistaking socialism for capitalism. In that case, your remark makes perfect sense.

[ConTex]

Answer my 275, or don't insult. Your choice.

[Democratshavenobrains]

Yeah, those "poor" Exxon execs in the late 80's and early 90's. I heard they even had to turn tricks to eat. How much did they make back then? Only a few million a year?

[GSlob]

"or fly a broom instead.
I've got two ex-wives already doing that. "
Hmmm, having one ought to have been enough, even to learn broom flying :)

[stockstrader]

That was NOT an insult. I only state facts!! For the fourth time,,,have a nice day...lol...:)

[lepton]

Don't quote me here but if they took the $400m away from him and gave some to every driver in the US it would come out to what? $3.00.

I'm pretty sure that Exxon-Mobil sells more than just gasoline for personal automobiles. Further, most of his compensation isn't "real" money...it's options, which depend upon the company doing well for a while after he's gone. Even further, it's based upon a number of years of work, not an annual payment - so to make it fairly stated, it should be divided amongst several years.

People are fussing about the cost of using an ATM machine once every few years?