Friday, April 21, 2006

Corporate Rewards

Lee Raymond

When you stop at the gas station(it seems like I'm stopping more often lately) think about Lee Raymond, retiring head of Exxon Mobil. Mr. Raymond is credited with boosting this company to the largest profits ever "earned" by any company anywhere. So of course Exxon plans on treating Lee Raymond right. When he retires, he will receive a package worth 400 million dollars. His former salary wasn't bad either. Think of the several minutes it takes to pump those $3 gallons - Mr. Raymond will be making $6,000 per minute as you reach for the hose and clunk it into your tank and hold the trigger.

Checking my facts, I believe this 400 million dollar figure written of elsewhere may be wrong. According to the AFL-CIO's Executive Paywatch site, Raymond only gets 6.5 million dollars per year in retirement. Kind of like winning the Lottery every year for the rest of your life. He also has a deal where he can take a lump sum of 80 mill up front.

Still, think of Mr. Raymond as those minutes tick by - he doesn't count minutes at the pump like we do; he probably has his chauffeur do that sort of thing.

8 Comments:

Blogger Richard said...

This is exactly why there should be an inquiry into the oil industry.

12:33 PM  
Blogger Floyd said...

Yes they are getting filthy rich from us,the ole middle-class Americans,looks like he needs to visit a Dentist. This can only get worse,maybe Jim we should have gotten a job in this industry,but we might have been haunted by the blood money,and swindling of our fellow Americans?

7:22 PM  
Blogger Neil Shakespeare said...

You know, the guy probably drives a hybrid car and heats his house with solar power...cuz otherwise he'd feel so fuckin' guilty.

Naw...

BTW: Thanks for your comment on Uncle Bill. Yeah, come to think of it...you might be right. Also read in the NYT article that "...ironically, he might have died of a rare cancer of the tear duct..." Cancer of the tear duct? Yikes, that IS ironic...if true.

1:23 AM  
Blogger Will said...

and you blamed bush for the rising tax prices...

10:45 PM  
Blogger Jim said...

The Bush energy plan not only does nothing to conserve on gas, it gives billion dollar subsidies to large oil companies (for exploration, ha) who are making record profits. What does your comment even mean? If there's one thing Bush does it's cut taxes. However, his tax cuts do nothing for the average citizen, but serve the rich.

Bush's crisis plan is to cut regulation on gas, but this also gives the oil companies bigger profits.

9:09 AM  
Blogger Richard said...

and you blamed bush for the rising tax prices...
We blame Bush for cutting taxes for his wealthy buddies.

3:41 PM  
Blogger Will said...

crap, i ment gas... i had just been talking about taxes on my blog... that was my fault.

11:42 PM  
Blogger Will said...

write a new article!

11:53 AM  

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