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"We're all in this together." Exxon exec: $6K/hr

Started by Chicken Little, April 14, 2006, 10:47:35 AM

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Chicken Little

From ABC news

Exxon Chairman Gets $400 Million Retirement Package Amid Soaring Gas Prices

quote:
Last November, when he was still chairman of Exxon, Raymond told Congress that gas prices were high because of global supply and demand. "We're all in this together, everywhere in the world," he testified.

Raymond, however, was confronted with caustic complaints about his compensation.

"In 2004, Mr. Raymond, your bonus was over $3.6 million," Sen. Barbara Boxer said.

That was before new corporate documents filed with the Securities and Exchange Commission that revealed Raymond's retirement deal and his $51.1 million paycheck in 2005. That's equivalent to $141,000 a day, nearly $6,000 an hour.


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