Best & Worst: Lee Raymond of ExxonMobil; from record profits, record retirement package

There gets to be a point where CEO compensation is more than excessive, it's downright obscene. After making 51 million a year, his retirement at nearly half a billion is totally obscene. The previous writer defends this totally, sees nothing wrong, and would call me a liberal, commie, socialist, whatever terms he learned from Rush Limbaugh. I would like to know just what an old man could possibly do with this kind of money, fight environmentalists, buy off more politians ? More and more money is being concentrated is fewer hands, this is democracy ? The Bush/republican tax breaks were designed to benefit people like this, for what end ?

Pull Raymonds dick out yer mouth so I can understand your reasoning for his pay. Bunch of suck-a$$es on here, geesh. Well, I, for one cannot see any reason they should have record profits in direct ratio to record gas prices. 90% of the morons here don't seem to get that though. They don't need gas tho, because they ride around on their high-horse. It's a fuggin shame, I tell ya!! I cannot wait for the mass rioting and pillaging that may come if companies like this keep raping the poor man. I will laugh all the way to the bank, and to the electronics store, then to music store. lol. Bunch of kiss-as$ing in these posts... sickening!!!!!!!!11111oneoneone

You'd think he could use some of that $400 million to have his teeth whitened!

I guess this is why GAS IS $2.50 / GALLON.

it is sickening just how much ALL of the CEOs are getting Paid MAKES ME WANT TO PUKE

He is probably the same guy that would tell his employees there is no money for workers to get raises this year.The working people of this country are getting tired of not getting their share of the profits these company's are screwing the public out of.Anyone who thinks its OK for someone to recieve that kind of money is probably getting wealthy from the stock also.It has taken me 30 plus years of busting my butt and I finally made my first million(before taxes of course).The man deserves a good wage and bonus,but this reeks of greed!

Mr. Raymond has all that money but by the looks of it no Dentist. Dude call 1-800-DENTIST and part with some of your money! Then do something honorable with your money by donating to a worthy cause or building something others can enjoy but without putting your name on it.

Typical corrupt corporate bullshit. The stockholders get screwed , the customers get screwed , and the corporate ceo's walk away with all the money not giving a damn about the working people who made them or the damage they do to society or the environment. Where's my E85 George Bush? And by the way I'm not a liberal and I voted for Bush although I think he is under the impression he's the president of Iraq instead of the U.S.

Just thinking how proud this man is for his accomplishments.Recieving more money than anybody could possibly ever need,while squeezing the money from the hard working public.Many people are going in debt to put fuel in their cars so they can go to their minimum wage job. There are also people that have to decide between heating oil, food, or medicine. With mortgage foreclosures happening at an alarming rate,maybe you could make some more cash buying them up! A perfect example of the "horray for me screw you" attitude of these corporate money hogs.Merry Christmas,keep squeezing till you get it all! You guys make Scrooge look like Santa Clause.

IT IS PATHETIC. NO ONE IS WORTH THAT MUCH. ASSISTANTS USUALLY DO MOST OF THE WORK. CALLING PEOPLE SOCIALIST IS AN INSULT TO PEOPLE WHO OBJECT TO THIS COMPLETELY INSANE SITUATION

Why should average people have to pay a lot extra for this? Would not 1 million a year suffice? Try putting the rest into DEVELOPMENT AND ALTERNATIVE energy. Seems like the share holders and investors who put up money should be getting a better return. After all with out their risk where would the company be? NO I AM NOT A SHARE HOLDER OR DID I INVEST. Put the money where it is needed in research to allow for lower cost energy that can still turn a profit, but allow low income people the chance to make and keep a little money!!!!

Mr. Raymond:

Pleeeeeeaaaaaassssseeeee get your teeth fixed with the millions you retiring with.
Mims

Don't you think with all that money, he could have better looking teeth. Hey put that money to good use and get some new choppers!

Good Grief!! I agree with # 16! With $400m, now that he's retired and with a lot of time on his hands Lee can get some dental work.. Nasty!

My family has been an Exxon stockholder for over 55 years. In fact, my dad worked for one of its affiliates in the West Indies.
I get a kick out of "Lee Raymond deserves his $400 million compensation package due to the success that the company has experienced." Give me a break! Why stop at $400 million? Why not make it $1 billion! He was in the right place at the right time. And for all you who think that "no one else could have done as good a job"----get a life! Raymond puts his pants on the same way I do every morning.
As to the stock dividends---I have been keeping "score". Is there not a member of the Board of Directors who has suggested "Hey guys and girls, don't you think the stockholders are ENTITLED to a little increase in the dividend? After all they OWN the company." Exxon's dividend rate for the third quarter of CY 2006 was 1.66% Needless to say, I'm making the trip to Dallas in May for Exxon's annual stockholders' meeting. It's about time the Board's Compenstation Committee came down from their etheral position of being "far above the maddening crowd."

A genius as a financial mind he might have been, filling his pockets and his top paid corporate people. Denying truth-global warming-and continuing on his path to make all that money for himself at the expense of global disaster. But he'll probably die of natural causes long before global warming and disaster kill us all. But props, you made yourself really rich.

The time to rein in the payoffs to the current crop of CTOs (Chief Thieving Officers) seems to be long overdue. It is not their money to receive or award. There is absolutely no individual, or even any dozen of them, worth a fraction of the hideously high compensation packages now paid out of employees' paychecks and benefits, share holders' profits and company assets. All CEOs', board members', salaried managers' compensation should be awarded on a percentage basis of what the average worker receives. And when a RIF - reduction in force (layoff) occurs the same percentage of all of the above should also be dumped. After all, it is not the workers who steered the company wrong - it is those who dictate the company's 'game plan'. And it's no wonder they cannot run a fully functioning business when they see only a repository of millions of dollars up for them to grab instead of the products, services and livelihoods for those workers who earned the millions.
And for those who wonder why the board members, etc., support those ridiculous payouts to the Chief Thieves, here's the answer: those supporters are getting their pockets lined in only slightly lesser amounts and with less exposure.

Lee Raymond's refusal to invest more into research and development for renewable energy resources will come back to hurt Exxons stock profits. Other Energy Companies will be taking the profit in the future by producing fuels for Electric, Hydrogen,Corn based and other alternate energy sources. This is not far off in the future! The technology exists and other Countries are manufacturing autos that will utilize these fuels as we speak. I guess Mr. Raymond didn't get the memo!!!

CEO Lee Ramond is apart of a long list of CEO's and oil excutives who apart of Americas intelligence community and the CIA. President Bush and his father are apart of the same community. Mr. Ramonds retirement package is for his years of being apart of the CIA. Oil companie hire and employ many persons from the military and the CIA. Mr Ramond was given millions of dollars of free or reduce prices on stocks that he cashed in at full price at the share holders and america expense. When CIA asset Ken Lay of Enron took his life, they claim, there was at least 20 CIA officers who were laid off. That does not count those names we are not privy too. Enron looked like to me an organized CIA plan to steal a companies wealth by bankrupting the company; a CIA asset like Zapata or Harkin oil.