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EXXON CHAIRMAN GETS $400 MILLION RETIREMENT PACKAGE AMID SOARING GAS PRICES
ABC News via Drudge ^

Posted on 04/14/2006 1:20:10 PM PDT by aShepard

click here to read article


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To: jennyp

Unless you have played pocket pool I cant explain it.


321 posted on 04/14/2006 3:51:52 PM PDT by sgtbono2002
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To: Young Scholar
This thread will bring out the populist plebeians in masses.

It did, about 285 posts ago...

322 posted on 04/14/2006 3:51:57 PM PDT by the invisib1e hand (Jesus' mission declared "complete failure" by religious experts.)
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To: aShepard

For the first 9 months of 2005 their Non-US earnings were $17.5 billion out of a total of about $25.4 billion. The majority of Exxon Mobil assets are non-US. They are completely a global corporation.

Most large businesses do not operate in a "free market", with numerous buyers and sellers, uniformity of products, and transparency of prices. The notion of a "free market" is a convenient myth for the majority of the US economy.


323 posted on 04/14/2006 3:52:10 PM PDT by Lessismore
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To: the invisib1e hand

Thank You for that response. It has often been said that only a fool responds to a fool.


324 posted on 04/14/2006 3:52:43 PM PDT by sgtbono2002
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To: the invisib1e hand
Yep, hypocrisy reins here. The average person is being 'price-gouged' by the govt here, and they blame the companies that take all the risk and deliver that product at a profit much LESS than what the govt get for their efforts.

IT'S THE PERFECT CATCH-22!!

325 posted on 04/14/2006 3:52:43 PM PDT by stockstrader
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To: IronJack
Finally! A non-absolutist capitalist. I was beginning to wonder if I was the only one.

Defintely a minority. Welcome to the world of politics as dogma.

326 posted on 04/14/2006 3:53:29 PM PDT by Wormwood (Iä! Iä! Cthulhu fhtagn!)
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To: stockstrader
"The average profit margin the drug industry is almost 15%. Are they 'ripping you' off too?<[>"

If the Exxon profit margin were 10,000 percent it would not change my mind concerning the view that the stockholders should be receiving the greater part of the dividend.

It ain't as if this guy were a Bill Gates type who was instrumental in creating the company.

327 posted on 04/14/2006 3:53:48 PM PDT by Radix (Stop domestic violence. Beat abroad.)
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To: Lessismore

sshhhh, you'll get a lot of pure free marketers that are living in some fantasy world after you.


328 posted on 04/14/2006 3:53:49 PM PDT by ConTex
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To: sgtbono2002
It has often been said that only a fool responds to a fool.

and that fools mock what they do not understand.

Peace be upon you.

329 posted on 04/14/2006 3:53:50 PM PDT by the invisib1e hand (Jesus' mission declared "complete failure" by religious experts.)
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To: kjo
Why don't those guys in uniforms jump out of the station garage and clean windows, fill tires, and SELL gas anymore?

You willing to pay for that? If you are, someone will do it, unless it's illegal (and even then sometimes).

330 posted on 04/14/2006 3:54:02 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: jennyp
"Interesting: 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???"

I just checked. You have the results backwards. 90.2% DISAPPROVE.
331 posted on 04/14/2006 3:54:35 PM PDT by BW2221
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To: Radix

This guy is basically Chainsaw Al. And running away with a giant umbrella..


332 posted on 04/14/2006 3:55:06 PM PDT by ConTex
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To: Radix

Then you, sir, do not understand the capital markets and or risk/reward. Most execs would be FIRED for a 7% profit margin


333 posted on 04/14/2006 3:55:18 PM PDT by stockstrader
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To: kjo
NOW, tell me why Exxon and Shell do not compete for my business? It's a simple question.

They do, they just don't run sales. Sales are often a marketing gimmick designed to convince people to buy things they don't need, and most of the time a company that offers lots of sales and coupons is probably not giving you the best price year-round. Instead, they compete directly with the price, so you don't have to have the coupon or be there on the right weekend to get the best price.

334 posted on 04/14/2006 3:55:26 PM PDT by Young Scholar
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To: aShepard

He took a job other Americans wouldn't do.


335 posted on 04/14/2006 3:55:40 PM PDT by Cementjungle
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To: BW2221

[Think of all the choices that have been eliminated. That's why today a station on every corner of the intersection sells at the same price.]


The reason that gas sells for nearly same amount is that it is nearly the same product from one station to the next and there is no practical difference to the consumer. Since they all advertise their price on large signs, any store which sells for a lower price gets more customers. The result is that all area stores quickly equalize prices to the lowest amount which is still high enough to make a profit.


336 posted on 04/14/2006 3:55:46 PM PDT by spinestein (The mainstream news media are to journalism what fast food chains are to fine dining.)
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To: stockstrader

the immigration threads make this one look like afternoon tea.


337 posted on 04/14/2006 3:55:47 PM PDT by the invisib1e hand (Jesus' mission declared "complete failure" by religious experts.)
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To: the invisib1e hand

True,,,but this one is fun!!!


338 posted on 04/14/2006 3:56:28 PM PDT by stockstrader
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To: the invisib1e hand
the immigration threads make this one look like afternoon tea.

If we could somehow link immigration with evolution, the internet itself would implode.

339 posted on 04/14/2006 3:57:07 PM PDT by Wormwood (Iä! Iä! Cthulhu fhtagn!)
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To: Cementjungle

...in the men's room he routinely refused to give occupants in the adjoining stalls a "courtesy flush."


340 posted on 04/14/2006 3:57:09 PM PDT by durasell (!)
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