.... turned down the third and latest offer of a 2.5 percent wage increase....”
2.5??? Hell, I’d turn it down too. I can only imagine what they’d be getting if there were no union. Exxon reported 45.2 BILLION DOLLAR PROFIT. Fat cats just keep getting fatter with no regard for the people actually DOING the work. Tillerson’s pay in 2007 was $1.87 MILLION a year with a $3.36 MILLION bonus and 185,000 shares. NOBODY is worth that much money.
Employees don’t get to decide how much a company makes. They can only decide if they want to work there or not. If you don’t like the salary then go find a job somewhere else.
Are you nuts? 2.5% sounds like a decent payraise in this sort of economy. No one at my company is getting a pay raise this year, we’ll probably be grateful if we still have jobs at the end of 2009.
Be careful of the “nobody deserves that kind of pay” nonsense talk. At some point, someone will decide that YOU make too much.
Tillerson’s pay in 2007 was $1.87 MILLION a year with a $3.36 MILLION bonus and 185,000 shares.Considering the profit the company made, it was money well spent.
2.5 percent wage increase
Maybe you’d turn it down but I think those jobs would be filled in about 3 seconds by those who would love to get that kind of money.
Anyway since when is a company’s profit margin tied to wages? That would be stupid esp. in the energy business.
Exxon-Mobil, Conoco, etc....all do the same. Just MSM does not report the taxes and expenditures for new projects.
And yes, I make a dang nice living off the major oil companies, thank you very much.