Friday, April 21, 2006

Fark Exxon-Mobil

CEOs continue to get over 15% more money every year for the last couple of decades, and last year the Fortune 100 CEOs got another 25% compensation boost. Meanwhile the average employee continues to get meager raises that often don't even keep up with inflation.

We just saw one of the worst examples this past week when it came out that Exxon-Mobil's retiring CEO is getting a retirement package worth over $350 million. Of course Exxon's profits have been ridiculously huge as gas prices have soared. So presumably their rank and file employees are enjoying enormous raises and pensions too. bwa ha ha ha ha ha ha ha ha ha. Yeah.

High gas prices hurt the average worker, not these jackasses who sit on each other's boards of directors and vote each other massive pay raises year after year, or give each other golden parachutes even when they do a lousy job and are asked to leave a company. Not that the douche in question did a lousy job. He was probably good. His retirement payout is asinine though, as are numerous other CEO salaries.

So at least in this instance, so fark you to Exxon-Mobil and their ridiculous payout to their chief executive. Don't buy gasoline from them. Find out where the chains in your area buy their fuel and avoid Exxon-Mobil. Here in Fort Wayne, the Speedway chain sells Marathon gasoline. So there's one easy alternative.

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