posted on Apr, 19 2006 @ 08:48 PM
First let me say that a $400 million retirement is ridiculous for 1 person. If he won it in the lottery...fine, but to receive this from the company
you work for is just plain crazy.......
Now to piss you people off.....
In his time as chairman he made the stock go up 500%, last year they had a $36 billion, NET PROFIT. While this may be exsessive and it is, it's not
like he didn't do anything to earn it. He made the company money and the rewarded him for it. If you want to complain goto the board of directors.
Have the share holders vote them out. If they are unwilling, then obviously they feel they are getting a good return on their investment.
Now you may say that this money could be used to reduce the price of gas. That was my first thought, until I heard that the American public consumes
about 300 million gallons of gas a day. This would what, give you a little over $1.00 for a one time fill up. PLEASE!!!
Until shareholders in companies, revolt and vote out the Boards giving these ridiculous retirement plans, then nothing is going to be done. I'm
going to tell you a personal story, but I am going to be vague...who knows who is watching, but with a little searching you can find the truth...
I work for a rather large bank. In Feb of this year our CEO was (For a lack of better words, FIRED!) for P.C. reasons let go early. He received a
$43million in severance. If he simply retired, he would have received maybe a tenth of that. While (If I am lucky) get a 2% raise. Here is someone
who was basically fired, and won the lottery for it. Am I pissed...HELL YEAH, but what can I do? I hold what little stock I can accumulate in this
company, and the board of directors can do what they want.
Now this story does relate to Exxon. While no one is worth the money this man received, at least he made money for the company. I'm watching $43
million be spent on a guy, who pretty much drove the company I work for into the ground.
Do I think the guy from Exxon deserved a big payday...HELL YEAH, his results prove it. But $400 million...HELL NO. While I believe in rewarding the
people who make a company money, I also believe that rewarding the emloyees of the same company. Without the people who do the day to day work, these
executives would be nothing. I am not asking to win the lottery here, but am asking the boards of directors to support the "lowly" people who work
for them. Maybe once this is done, the everyday JOE will be faithful to his company.
I'm sure I got way off track here, but I wanted to post these thoughts.