Exxon Chairman Got Retirement Package Worth at Least $398 Million

So...Raymond gets 400 million retirement package to include life time security and use of the company jet. If my car were running on fumes and I saw an Exxon gas station one block up selling gas for 10 cents a gallon, with the next gas station 3 towns over selling gas for 10 bucks a gallon, I would push my car to that third town rather than buy any Exxon product.

Why Paula?? You would just be buying from another $400 million dollar CEO's company. Don't blame them, blame the US Congress and the President. It's their job to protect Americans, not Lee Raymonds!!!

I am hoping the more of these stories than come out that prove we have been gouged that congress will do something. The Raymond thing just disproves their claims that thier profets are going to R & D. And where it's not Raymonds job to protect us, he sure as hell did nothing to help the people who he stepped on to get where he is.

Hey - the sad truth is Exxon - Conoco - Shell - BP - NOE of these guys give a RIP about your pocket book. It's all about them pricing fuels on a margin based on what the raw materials cost them. AND on our consumption of said fuels. The real culprit is the US Government. The Federal and State taxes dollars generated by higher fuel costs are the REAL outrage. Look in to it. For every dollar Exxon squeezes out of us - the Government grabs a fair share also. Taxes need to be rolled back or suspended immediately in order to bring fuel costs under control. Lee Raymond isn't going to give Americans any of his money - the Government needs to give us our money back. OUR money. The services provided by the HUGE windfall that the government reaps from high gas prices is much greater than Exxon's bottom line - Uncle Entitlement grabs a much bigger piece of the pie than Raymond does - how does THAT work?

I will never buy gas from an Exxon station again. I am sick of being ripped off by the rich and if this is the only thing i can ever do to affect Big Oil so be it.

The "key word" here is to stop buying gas----it is time to conserve and restain ourselves so that our wonderful country can become oil independent and stop relying on the middle Eastern shieks and greedy oil companies to feed our Hummers and RV's and boats. It is OUR Responsibility to live within our own resources. Here in America we have plenty of natural resources. Let's close our borders and stop importing oil and live within our means. It is either now or later but it is obvious to those of us with a brain that we must conserve!!!!

Take it one further and push developers of alternative fuels and renewable resources. Don't just switch to another oil source or it will never end until the gas literally runs out and our economy goes into a huge depression.

we cant just blame the oil big wigs-stock holders allow this because he gets them BIG stock shares and that falls back to some of the little guys -it can be summed up in one word GREED

There's something wrong with this picture, in general. Perhaps corporate "greed" could be defrayed by a little mandatory "corporate accountability"--plus some give back to society, help feed, clothe, shelter those in need worldwide. Clean up the atmosphere.
Say, did they finish cleaning up their oil spill messes yet?
something wrong...

That's where all my money went. Big bonus on the old guy's way out. Give him a pink slip, what else does he need. Plus, being that old, what's he need that much money for?

Exxon should donate his retirement bonus to charity to make up for all the bad things they and the oil industry has done to consumers. Not to mention the forever lasting effects of Exxon Valdez in Alaska.

Media stories about Exxon Chairman Lee Raymond's retirment bonus miss the point.
It was not so much a personal reward as it was a family endowment. Much the same should be said about other outrageous American public company retirment bonuses.
Is it now an American tradition that a single individual, employed by one or another public company, compensated by princely salaries and perks during tenure, leaves his job but conveys a part of the company treasury to his family for generations to come?
Would it not make more sense alter Sections Nine and Ten of Article one of the Constitution to allow for a much less costly knightood or even a life peerage? But recognizing America's distain for such things, a lifetime appointment to a Federal Office or a seat in Congress would be better. Such experience, wisdom and shrewdness managing large enterprises profitably would be of immense value to US governing or law-making bodies.
Company Boards of Directors wishing to recognize a senior executives accomplishments could pay the Congress an agreed upon amount to bestow the honor.
The public would benefit American taxpayers, too. The money that would have been lavished upon the much-beloved former executive would help, albit in a small way, diminish the cost of America's government.

We need to say the hell with big oil companys because they have lied about many things like our own govt.has. If we would quit buying these foreign countries oil, they wouldnt have the money to build these WMD. Hemp 4 fuel is very clean, puts oxygen back in the atmosphere, along with over 5000 uses. Its a shame our own govt. has told such wild stories about hemp! It would clean up the earths atmosphere over time unlike petroleum products! But that Bush himself is a very foul oil tycoon! God Bless America because Bush sure as hell wont!

I hope they drown in a pool of oil when they go to hell!

Hey guys, they pay for their gasoline, just like you. That jet takes a lot of fuel, buy a hybrid.

All are reasonable arguments.

What we need are better solutions. We need to stop dwelling on the payments of others and actively seek viable solutions for ourselves.

As long as we sit and wait for the handouts, we will continue to get throttled by the corporations. How is it that we can send a satellite to Mars but we are unable to get better than 30 mpg?? We have the technology, or rather, the oil companies control the rights to it.

To the last comment: Bush is a puppet! Easily controlled, easily manipulated and easily swayed. Just like you - the American voter. We all get what we ask for. Is it not time we started to ask for more. Mark S. Brodie MBA

Just me wrote:

Hey guys, they pay for their gasoline, just like you. That jet takes a lot of fuel, buy a hybrid.

Fuel costs on corporate jets is tax deductable. So, they don't pay for it. We do. The tax payers.

Perhaps, Big Oil companies should start R&D policies which ensure a percentage of their profits go towards advancing alternate energy sources. But that would make too much sense and cost them too much of a loss on their Christmas Bonus checks