Monday, April 24, 2006
CEO's Big Bonus
I've been lax on my postings...here is a randon Wednesday morning rant:
Lee Raymond received a $400 million retirement package when he stepped down as ExxonMobil’s CEO and Chair. I say “good for him!!” As the Chair/CEO it is his job to maximize the wealth of the owners (stockholders) and he did just that. During his 12 year tenure as Chairman of the Board of Directors he created the largest oil company in the world. Last year he earned ExxonMobile $36 billion in profits. He deserves the $400 million…he did what he was supposed to do…he earned it!!!!
Lee Raymond received a $400 million retirement package when he stepped down as ExxonMobil’s CEO and Chair. I say “good for him!!” As the Chair/CEO it is his job to maximize the wealth of the owners (stockholders) and he did just that. During his 12 year tenure as Chairman of the Board of Directors he created the largest oil company in the world. Last year he earned ExxonMobile $36 billion in profits. He deserves the $400 million…he did what he was supposed to do…he earned it!!!!
