Saturday, April 15, 2006

Exxon Chairman Gets $400 Million Retirement Package Amid Soaring Gas Prices

(This is why I don't buy gas at Exxon or Mobile and haven't in a couple of years now.)

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.

FULL STORY

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