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Lest we forget: Exxon Chairman's $400 Million Parachute.

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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 01:05 AM
Original message
Lest we forget: Exxon Chairman's $400 Million Parachute.
Keep in mind that FDR saved capitalism from itself.

http://abcnews.go.com/print?id=1841989

Oil: Exxon Chairman's $400 Million Parachute
Exxon Made Record Profits in 2005
April 14, 2006—

Soaring gas prices are squeezing most Americans at the pump, but at least one man isn't complaining.

Last year, Exxon made the biggest profit of any company ever, $36 billion, and its retiring chairman appears to be reaping the benefits.

Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes.

Last November, when he was still chairman of Exxon, Raymond told Congress that gas prices were high because of global supply and demand.

more...

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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 01:10 AM
Response to Original message
1. Here he is...
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madeline_con Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 01:12 AM
Response to Reply #1
2. You can tell by looking at him he's a P.O.S.
What the hell does asnybody need $400 million for?!
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varkam Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 01:14 AM
Response to Reply #2
4. He certainly is a jowly mother, isn't he?
Edited on Fri Aug-01-08 01:14 AM by varkam
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 01:16 AM
Response to Reply #2
5. They called it compensation. n/t
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jimshoes Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 06:15 AM
Response to Reply #1
8. I just love that picture of
old Lee looking like the Jabba the Hut porker swine that he is.
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varkam Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 01:12 AM
Response to Original message
3. He who dies with the most toys wins. Eom

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madeline_con Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 01:23 AM
Response to Reply #3
6. Fuck a bunch of toys, he should eat shit and die. n/t
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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 01:39 AM
Response to Original message
7. Pass the hat. The current Exxon CEO only made 21.6 million in '07. C'mon folks, cough it up.
Edited on Fri Aug-01-08 01:41 AM by Bozita
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boomerbust Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-01-08 06:30 AM
Response to Original message
9. Drill for oil
in Mr. Raymond's neck. What an overfed pig!!!
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