Lee R. Raymond

Exxon Mobil shareholders are unhappy about the 98 million being paid to their ex-CEO. The rest of America is unhappy that Exxon Mobile set a record for profitability as gas prices rise.

The argument makes sense. Lee R. Raymond took over a healthy company and didn’t have to do anything extraordinary so why does her get an extraordinary amount of money?

Sure, he’s been with the company 43 years but are we really talking about company loyalty? I imagine that lots of Americans end up working for a company for a long time and still need to worry about their pension when they retire…

I see why the stockholders are upset as well. That money could go toward a higher dividend or share buybacks but in the end I don’t think this will have a real lasting impact on Exxon Mobil stock.

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