Posted on 08/19/2016 2:54:50 PM PDT by Red in Blue PA
IRVING, Texas--(BUSINESS WIRE)--
Exxon Mobil Corporation (XOM) announced today that it will donate $500,000 to the American Red Cross and the Greater Baton Rouge Food Bank to support local flooding disaster relief assistance in Louisiana.
“Our thoughts and prayers are with our friends and neighbors in Louisiana who have been impacted by storms and severe flooding in the region," said Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation. “We hope that this donation will help provide some relief to Louisianans as recovery efforts begin."
(Excerpt) Read more at finance.yahoo.com ...
Since BLM is due to get 100 million...be nice if they chipped in say 10% of it
So what’s Hillary doing for LA?
Wasn’t this the purpose of her foundation?
All I see her doing is saying the Red Cross is handling it.
Ten million from Exxon would have made them look good.A half million makes them look worse than if they had given nothing at all.
Democrat leadership:
Hillary made a phone call.
Barry sent a memo about racism.
That will almost pay the Red Cross director’s salary for the year.
That’s probably not enough to pay the Red Cross’s CEO for a year. They could have found better places to put their money.
Just checked. Red Cross’s half won’t even pay 6 months of salary.
Based on our experience with the Red Cross, hate to see anyone give donations to them as it is not spent 100% on local needs. Most of these people do not have flood insurance and are going to need furniture, building supplies, carpenters, plumbers and electricians. $25,000 from government/FEMA is going to help some. Hope they have funds coming from other entities to help with the costs. Shyster and fly-by-night contractors abound at every crisis, particularly in Louisiana.
Uh, so businesses are supposed to “look good” by handing out freebies of “$10million or more”? May be just the successful ones need to do that. The failed ones need gubmint bailout.
Taylor Swift gave twice as much as a multi national oil firm.
That will be hard for ExxonMobil to shake off.
I wonder how much British Petroleum gave (if anything)? After all, they apparently donated a boatload of money to The One’s campaign back in 2008 (and that apparently is one reason why his response to the oil spill situation early in his administration was the way it was since it involved that company).
IIRC,Exxon was the largest corporation in the world when oil was $100/barrel.Today they probably aren't but are surely among the biggest.They gave this $500K,presumably,for PR purposes.No,they weren't required to give anything but if they choose to give a gift of $500K looks *bad*.I stand by my earlier suggestion....$500K makes them look worse than not giving anything at all.
Gotta disagree with ya there.The Clinton Crime Family Foundation wouldn't have given *anything*.But they would have donated a hash tag.
“.I stand by my earlier suggestion....$500K makes them look worse than not giving anything at all.”
If they had given more than $500k, there would be outcry about Exxon cutting jobs in its entire supply channels while had enough to give away. THAT would be a PR nightmare.
Exxon has gotten clobbered this year due to the oil price crash (going on two years now), and they are doing all they can do to still pay their dividends - to retirees that are counting on them. $500k from their bottom line to help Louisiana should be commended and not ridiculed.
I understand the Exxon Baton Rouge refinery is flooded. That is a top ten producing refinery, I believe. So they are hurting, too.
I say what a private company chooses to do or not do with their money is what freedom is about and we can choose to purchase their product or not. Seems to me lots round these parts are starting to sound like the “fair share disenfranchised crowd” that camped out across the country screaming about the 1%ers. Who give a damn what a private company (with shareholders) decides to do with its own profits
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