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August 18, 2018, 12:07:53 pm
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Author Topic: "We're all in this together." Exxon exec: $6K/hr  (Read 838 times)
Chicken Little
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« on: April 14, 2006, 09:47:35 am »

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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