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-- Chairman of EXXON receives $400 million retirement package
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Chairman of EXXON receives $400 million retirement package

http://abcnews.go.com/GMA/story?id=...a=true&gma=true
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| Soaring gas prices are squeezing most Americans at the pump, but at least one man isn't complaining. Last year, Exxon made the biggest profit of any company ever, $36 billion, and its retiring chairman appears to be reaping the benefits. Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes. 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. It's almost more than five times what the CEO of Chevron made. |
At least he'll now be able to afford lyposuction and some braces.
its an alien wearing a Lee suit
i would donate more than half of that to charity..not being noble and all..but srsly.. what can u do with 400million??!!
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| Originally posted by trewqy i would donate more than half of that to charity..not being noble and all..but srsly.. what can u do with 400million??!! |
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| Originally posted by trewqy what can u do with 400million??!! |
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| Originally posted by plastikE At least he'll now be able to afford lyposuction and some braces. |
This thread makes me sad. Please delete it.
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| Originally posted by trewqy This thread makes me sad. Please delete it. |
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| Originally posted by plastikE At least he'll now be able to afford lyposuction and some braces. |
something tells me he'd rather buy 120 lbs of veil than 120 lbs of hooker...
yeah. i doubt he needs to buy hookers he can get most girls in a bar anyways even though he looks hideous. it won't matter when he rolls up in a mclaren etc. anyways theres plenty you could do with 400 million.
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| Originally posted by lex400sc something tells me he'd rather buy 120 lbs of veil than 120 lbs of hooker... |
400M lol
Can I ask what can you really do with 400M if you are getting that much money, you probably have done/gotten everything you wanted already at that point. lol
"use of corporate jet for professional purposes"
what professional purposes does one have if they are retiring and receiving pension?
I think it's ok, its a big corp and he had the highest position.. what's wrong with it?
i thought more people would be pissed about this, guess not.
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| Originally posted by lex400sc i thought more people would be pissed about this, guess not. |
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| Originally posted by kadomony its an alien wearing a Lee suit |
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| Originally posted by lex400sc for starters |
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| Originally posted by lex400sc i thought more people would be pissed about this, guess not. |
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| Originally posted by idoru Nah, it pisses me off. I fucking paid out of my ass for this guy's retirement. He needs to give at least half of it away. |
can i get some of that?
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| Originally posted by idoru Nah, it pisses me off. I fucking paid out of my ass for this guy's retirement. He needs to give at least half of it away. |
My biggest beef is that he probably has the most lame ideas for what hes gonna do with his money. I mean look at him. He looks fuckin lame. His idea of fun is probably hunting trips with Dick Cheney.
i think his sons, his grandsons and their sons are set for life
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| Originally posted by Clovis86 My biggest beef is that he probably has the most lame ideas for what hes gonna do with his money. I mean look at him. He looks fuckin lame. His idea of fun is probably hunting trips with Dick Cheney. |
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