Friday, April 14, 2006

Meanwhile, Gas is $2.75 Gallon

Exxon Chairman Gets $400 Million Retirement Package Amid Soaring Gas Prices
''I'm just struggling to get by like everybody else.''
ABC News: Exxon Made Record Profits in 2005
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. ...(more)
Oh, and Cheney took in $8.82 million and is getting a tax refund of about $1.9 million.

Doesn't this just piss you off?


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