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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: txroadhawg
The problem here isn't gas prices or profit, it's executive compensation. Exxon is the largest oil company in the world, so it's not a part time job running that organization, but doesn't this seem a bit excessive?

No one on this board can judge. We have no idea how hard he worked.

61 posted on 04/14/2006 1:47:46 PM PDT by JackDanielsOldNo7 (If it wasn't for marriage, I would not have this screenname.)
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To: xcamel
Liberals without principles?

Please, no redundancy here.

;^)

62 posted on 04/14/2006 1:47:54 PM PDT by SAJ
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To: sure_fine

True. LOL!


63 posted on 04/14/2006 1:48:05 PM PDT by b4its2late
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To: cweese

I'm sure this guy got $400m instead of $398m because he outsourced and threw a lot of people out of jobs. Lets celebrate!


64 posted on 04/14/2006 1:48:09 PM PDT by ConTex
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To: ConTex

If you want to debate the facts, fine. Your assumptions are off base and unwarranted.


65 posted on 04/14/2006 1:48:17 PM PDT by cweese (Hook 'em Horns!!!)
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To: BW2221
I think this is outrageous! I can't believe some people actually think a person is worth this kind of money. Do people really believe the job he is doing is worth that kind of money?

The American people are just going to love this....

66 posted on 04/14/2006 1:48:52 PM PDT by yellowdoghunter (I sometimes only vote for Republicans because they are not Democrats....by Dr. Thomas Sowell)
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To: synbad600
I'm sure Spitzer will be on it, in between campaign commercials......
67 posted on 04/14/2006 1:48:58 PM PDT by b4its2late
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To: aShepard

so what?


68 posted on 04/14/2006 1:49:19 PM PDT by spikeytx86 (Pray for Democrats for they have been brainwashed by there fruity little club.)
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To: cweese
Facts, such as did this guy get off on more money than he would have if he didn't fire a whole lot of Americans and replace them with Guatemalans and Canadians? I'm sure he did. Is this something to celebrate though? This guy's fabulous wealth, but at the cost of so much...
69 posted on 04/14/2006 1:51:08 PM PDT by ConTex
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To: kjo
Pizza business?

In the pizza business, do you have to go half-way around the world, to some Turd World country to look for pizza's (while someone is shooting at you)?

In the pizza business, does the government tell you where you can and can't make pizzas? (as in no drilling in ANWR, off the coast of Florida, CA and many areas out west)

In the pizza business do you have to transport those pizzas in oil lines to the nearest port (while someone is shooting at you)?

In the pizza business, do you have to rent oil tankers (at about $300,000/day) to transport those pizzas half-way around the world (while someone is shooting you)?

Do you have to pay for 'insurance' on those pizzas while they are being transported half-way around the world (while someone is shooting at you)?

Do you have to pay to offload those pizzas at a refinery (ok, so no one is shooting at you anymore)?

In the pizza business, do you have to build deep-water oil platforms, oops, I meant deep-dish pizzas that cost over $1 billion dollars to build, insure, and evacuate it everytime a hurricane is forecast?

Do you have to pay to refine those pizzas to 'local blend' standards (ok, you win on this one--as sometimes anchovies are 'blended' vice sausage and pepperoni)?

In the pizza business, does drilling for dry holes (which can cost millions and millions of dollars) which occur regularly--also increase company risk? (ok, you win on this one too--as sometimes people do NOT pick up their pizzas. But I'll still match the 'dry hole' rate vs. the pizza non-pickup rate ANYDAY)

Do you again have to transport those pizzas hundreds of miles to 'pizza stations' far from those pizza refineries?

In the pizza business, do you have to make risky, long-term decisions and investments based on the constantly fluctuating daily worldwide price of pizzas?

I do like your 'coupon' idea, though. If we can just get rid of the few pesky differences (and there are many, many more) I have mentioned, maybe it just will catch on!!!

70 posted on 04/14/2006 1:51:39 PM PDT by stockstrader
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To: KevinDavis

Gee what do you know. My 401K has Oil Socks in a couple of my plans. Gee my pension fund does too. Well gee whiz golly, I AM BIG OIL!

So tell you what. I will call up my nice Nigerian Banker Friend hand have him refund $.50 out of each gallon back to your bank account since that what YOU all seem to think is "Fair".

Kind of curious. When did the "Conservatives" become a bunch of Me Too Dem Lite Big Govt Socialists?


71 posted on 04/14/2006 1:53:17 PM PDT by MNJohnnie (The Democrat Party. For those who value slogans over solutions.)
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To: stockstrader

Hey, I worked at Exxonmobil. The one decision, even though we knew that the gas is combined often with others upstreams, is that we WON'T EVER buy at an Exxon or Mobil branded gas station.

That's the facts. People that worked there *HATED* it.


72 posted on 04/14/2006 1:53:59 PM PDT by ConTex
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To: ConTex

Well by golly, just go and make your voice heard at the next Exxon/Mobil shareholder's meeting. Give them some of your profit-reduction insight. I'm sure they'll appreciate it! I know I will. I HATE making money on stocks!


73 posted on 04/14/2006 1:54:59 PM PDT by cweese (Hook 'em Horns!!!)
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To: stockstrader

Also, when it was a Mobil company, nobody minded buying at the gas stations, and had pride in it. I came in after the merger. The difference in attitude was shocking, and very real. And justified.


74 posted on 04/14/2006 1:55:18 PM PDT by ConTex
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To: cweese

You and I know why their profits are up, and it's not from outsourcing I can tell you that!


75 posted on 04/14/2006 1:56:00 PM PDT by ConTex
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To: WoofDog123

I am as fiscally conservative as the next guy, but at a time with soaring gas prices and the oil industry under attack for alleged price gouging and profiteering, this executive getting close to one half billion dollars in retirement benefits is both shameful and contemptible. It is almost like Exxon is giving a big "F You" to each one of us who use this very unique (and increasingly expensive) commodity out of necessity and not choice.


76 posted on 04/14/2006 1:56:29 PM PDT by guido911 (cowards cut and run)
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To: aShepard

I'm more PO'd at what the airline execs make.


77 posted on 04/14/2006 1:56:31 PM PDT by ßuddaßudd (7 days - 7 ways Guero » with a floating, shifting, ever changing persona....)
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To: aShepard

The solution is simple.

Everybody ought to become the chairman and CEO of Exxon.

The reporters need to storm into their editor's/publisher's office saying, "Take this stupid job and shove it where the sun don't shine."

"I'm becoming the chairman and CEO of Exxon Corp. Do you think I'm stupid? I know where the money's at."


78 posted on 04/14/2006 1:56:51 PM PDT by MikeHu
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To: ConTex

Pride is not a consideration when I fill up my gas tank. I may be 'out there' on this one, but I look for something bizarre like the cheapest price per gallon.


79 posted on 04/14/2006 1:57:09 PM PDT by stockstrader
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To: guido911

Yep, this is a Big F YOU to the offshored employees and the buyers of gasoline and energy in this country.


80 posted on 04/14/2006 1:58:11 PM PDT by ConTex
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