The exhorbitant retirement package of retired Exxon Mobile chairman Lee Raymond was in outrageously bad taste. He was given a $400 million package when motorists are paying $3 per gallon. Nice retirement.
As one friend of mine said, "If you think oil companies profits are too high, buy oil company stock." I can tell you this, though, in then next board of directors election, I will be voting against all incumbents.
It does not make any difference if Mr. Raymond deserved it. Or if it was an incentive to get a good person the next time.
It was stupid. For a company that sells a product in competition with other, it was horrendously stupid.
It was so stupid that it has brought on a Congressional inquiry. Serves them right.
-
What is the truth behind the shooting of Erik Scott at a Costco in Las Vegas on July 10, 2010?. So far, the best that can be said is that w...
-
Governor Sarah Palin has need subject to many frivolous ethics complaints. Now one complaint has been investigated and the investigator has...
-
Entertaining. Sophomoric, maybe. But it is satirical commentary by two Washington Post political commentators, Dana Milbank and Chris Cill...
No comments:
Post a Comment