Exxon Chairman Paid Over $686 Million From 1993 To 2005...

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First Posted: 04-14-06 10:30 PM   |   Updated: 03-28-08 02:43 AM

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New York Times:

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.

Read the whole story: New York Times

Filed by David Hirshman
 



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