In 2005, Exxon CEO Raked in $190,000 Per Day

[RedEarth]

I'm sorry big hitter, but that is f........ obscene........, but, guess what, his retirement package is even worse.



from Think Progress...

In 2005, Exxon CEO Raked in 190K a Day

Average Americans are struggling to keep up with persistently high gas prices, now approaching $3 a gallon. Testifying before Congress last November, Exxon CEO Lee Raymond blamed the problem on “global supply and demand” and assured the public that “we’re all in this together.”

Last year, Raymond made due with “a total compensation package” of just $69.7 million or $190,915 a day, including weekends.

After his haul in 2005, Raymond has decided to retire. It’s seems that, for Raymond, not working is even more lucrative than working:

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.

Exxon is now facing several “shareholder resolutions this year that criticize the company’s level of executive pay and seek to rein it in.”

http://thinkprogress.org/2006/04/14/exxon-ceo-190k-day/

[Frustratedlady]

1. That's Criminal

No one is worth that much. Guess I'd better quit complaining about repairmen charging $30-40/hour.

He should be ashamed.

[adarling]

2. he literally looks like evil incarnate

the ugliest man i have ever seen

[Initech]

3. The IRS should be down these guys' throats

[MADem]

7. Naah, they'll fish in the $28k a year pond--on the theory that

fast dimes are better than slow dollars. No money for a lawyer? Pay up, sucker!

[JHB]

8. And do what? Guys like this arrange for their swindles to be legal.

Just a reminder that in the pre-Reagan days, this guy would have had to find other things to do with that money, or face 70-90% (after the first 2 mil or so) going to Uncle Sam. Perhaps not an ideal solution, but it had the benefit of producing a real "trickle down effect" by making sure the sponges at the top got squeezed.

[Initech]

9. I'm in favor of higher taxes for these fuckers

I mean $190,000 a day is downright criminal. And they probably wont pay a whole lot of taxes thanks to Dumbya's tax cuts for the rich (TM).

[Blue_In_AK]

4. Such a great guy

and meanwhile the oil companies are freaking out because Alaska wants to raise taxes on them ... PLUS they've never settled up on the EXXON VALDEZ oil spill. These guys are criminals of the worst kind.

[acmavm]

5. This is a shallow and mean thing to say but undoubtedly his

soul is as ugly as his body.

[mobyss]

6. Howard Stern makes $385,000 per day - for four hours of "work"

!

[DaveJ]

10. Seriously, what do people need to do with that much money?

I'm doing some math here. Say he has $1 billion overall, and he wants to spend all his money on mansions and sports cars. Now say the people involved in making mansions and sports cars make an average of $25k/year -- a worldwide guess. That comes to 40 thousand human years that this guy will buy. What these 40 thousand human years produce is totally dependent on what he personally decides to purchase.

[XOKCowboy]

11. Only 67.9 Mil? How did he make it?

No wonder he's retiring. :sarcasm:

[DaveJ]

12. His $400 million retireme probably will go to buying oil based products...

...so Exxon Mobile will just recoup the money.