THE Exxon Mobil Thread pt 2 (merged)

[rockdoc123]

Definitely the $400 MM seems steep from a view from the bottom but you need to remember that during his tenor at Exxon and then XOM the base share price rose 500%. Their current market capitalization is $382.38 billion USD or a rise of about $300 billion in market cap during that period. That means his buyout amounts to about 0.01% of the market cap added during that period. As a comparison at XTO Energy the CEO whose name I cannot remember recieved $67 MM in compensation. During that same period their shares added about $14 billion in market cap. This means his compensation last year was about 0.04% of the market cap added during the same period in question for Raymond.

Did Raymond add that much value....let me assure you if he was a lame duck he would not have been CEO for that length of time, Boards are not that forgiving. How much should we credit luck....well oil prices in that period rose 350 % (compared to the 500% rise in XOM share price).....so at least in part their share price rise is not just due to being in the right place at the right time.

I don't think there are any long time shareholders of XOM who begrudge Raymond this payout.....in fact I suspect many of them are thanking him for helping to make them very very wealthy. And at the end of the day his job is to make money for the shareholders (which he did) and not appease either certain members of Congress nor the general public who are continually looking for someone to blame for their self imposed overconsumption of resources.

[Specop_007]

Yawn. You really think the guy that got this pay off deserved it? He probably got the job because of his connections. You ever noticed that those who are rich now, usually come from a rich family who have always been rich for generations prior to that? What does that tell you?

Absolutely he got what he deserved. You keep missing the point. He took Exxon and made it the best in the business. You think thats easy, well why hasnt the CEO of Shell done that? Theres a huge difference between being successful, and being the best.

And of course money breeds money. My father couldnt afford to send me to Harvard, and I doubt I could afford to send all of my kids to Harvard. If you want a big chunk of the pie pony up and go to a good "brand name" school, work your ass off and you too can have a very well paying job.

As for the guy 'pissing his money away', you really are clueless arent you? Lets take an example of a fictional guy who makes minimum wage and pretty much just has enough money to cover their costs and a little extra for perhaps a little holiday every couple of years.

What do you suggest this guy does? Take his extra £1 a month and play the stockmarket to try and boost that to £1.10?

Clueless?
So it seems. But I dont think it me whos clueless.
I expect them to make wise decisions. I've seen shanties, I mean fucking SHANTIES, that have a dish for satellite signals on them. That 50 or 60 bucks a month right there. Let alone if they smoke or drink.

But lets use some hard numbers shall we?
5.75 x 60 = $345/week (straight time)
With OT = 172 + $230 = $402/week

Having BEEN there I can tell you you can raise a family of 3 pay your bils and still save away for retirement. I've done it on less. Its called "sacrafice". I didnt have internet, I didnt have cable TV. I had a good dose of RESPONSIBILITY.

And i'm not a 'liberal socialist' thank you very much. I'm simply someone who doesn't like to see people get obscene amounts of money for doing bugger all, whilst others can word their arses off and still be poor.

No, I'm afraid you are. You want price caps and government controls which means you are indeed a Socialist.

And as for your comments about the CEO of exxon having to make decisions that might destroy the company... that is laughable. Any moron of the street could take the CEO position and i guarantee you wouldn't notice a blind bit of difference. A CEO gets a couple of options laid before him from his lesser minions and after getting some more advice says 'lets do this one'.

I dont even know what to say to this rubbish. If what you said was true then EVERY business should be successful.
There not. In fact, many fail. Whic completely disproves what you've said.

[PolestaR]

SPECop... hilarious you think that guy deserves the 400 million. It wouldn't bother me if he led Exxon to make 5000 trillion over his tenure.

It is a thing of scale which makes someone great. You put $1000 on the stockmarket, and you'll likely make that $1100 over a few months if you choose wisely, there is a risk it will decrease, but generally you are safe with the right choice. So you've made $100 profit, or 10%, woopee. To make it even safer, why not go with a bank deposit or bond, 100% safe 5-10%

It's the same case whether its 100 million dollars or $1000, you can make 10% quite easily each year, playing it very safe. Now 10% of 100million is 10 million. I wonder whether I would like to have money already or not.. hmm.. let me think about it.

Oh of course if I was a business and my business made ten million dollars more profit that year I would be heralded as the second Bill Gates. If I was a business and made $100 more, would anyone care? No.

As someone pointed out, rich people get even richer, and the more power you have the easier it is to get even more high paying and power jobs. A job to a rich person is nothing but an increase in power and fame anyhow, a way to have new "legal" slaves. A way to be a king of a small section of the populace.

Put 100 billion dollars behind ANY decent looking actor who has an average IQ and you can make him the next president of the United States of Averagely_Ignorant_America guaranteed. It's all about money and power.

[Specop_007]

To the guy who thinks that it is liberal socialist people that are the problem:

Hello.....it is not easy to run a company in the ground when the company produces what the whole planet needs energy wise and cannot be regulated or really scrutinized by the private sector or government. It is a licence to make money and you'd need GWB as CEO to screw that up.

Quit blaming the poor people for the problems of the world. It is the rich that come from old money and want to keep things their way.

I wouldnt mind the poor if they would quit trying to steal money from the rich rather then get off their lazy asses and try to get ahead for themselves.
Theres a fine line between a hand UP and a hand OUT.
I have no problems with hand UPS. I have a serious problem with hand OUTS.
I see *very* few poor people who want a hand UP.

[Specop_007]

SPECop... hilarious you think that guy deserves the 400 million. It wouldn't bother me if he led Exxon to make 5000 trillion over his tenure.

Of course he deserves it. Why doesnt he? He didnt steal the money from YOU did he?
You seem to have quite a case against what others make. You might be better served if you quit worrying about the fact others are more successful then you and started worrying about your own success.
Do YOU want big payouts? MIT, Harvard, Yale....All have open admissions and all you have to do is request an application.

It is a thing of scale which makes someone great. You put $1000 on the stockmarket, and you'll likely make that $1100 over a few months if you choose wisely, there is a risk it will decrease, but generally you are safe with the right choice. So you've made $100 profit, or 10%, woopee. To make it even safer, why not go with a bank deposit or bond, 100% safe 5-10%

It's the same case whether its 100 million dollars or $1000, you can make 10% quite easily each year, playing it very safe. Now 10% of 100million is 10 million. I wonder whether I would like to have money already or not.. hmm.. let me think about it.

Oh of course if I was a business and my business made ten million dollars more profit that year I would be heralded as the second Bill Gates. If I was a business and made $100 more, would anyone care? No.

As someone pointed out, rich people get even richer, and the more power you have the easier it is to get even more high paying and power jobs. A job to a rich person is nothing but an increase in power and fame anyhow, a way to have new "legal" slaves. A way to be a king of a small section of the populace.

Put 100 billion dollars behind ANY decent looking actor who has an average IQ and you can make him the next president of the United States of Averagely_Ignorant_America guaranteed. It's all about money and power.

Ok

[holmes]

He got in at the right time: cheap pletiful energy. Lots of resources. Those days are ending. It was a great ride....That window is closing. Who cares what he made. Bigger concerns are on the way. This guy and all the other Fuedal Lords will either be forgotten or strung up. Hated by the mobs.

[NonToxic]

Yep that's all I chalk it up to. The guy negotiated a great employment contract and the industry exploded. I bet in his wildest dreams he never thought of walking with that much $$$ when he negotiated the deal. Good contract and good timing is all that happened.

[holmes]

Coporate fucking welfare is stealing fram the upper/lower middle class en mas! to hell with all welfare! They gots the ponzi scheme going. all I have to do is look at my paycheck and The Cato Instutute.
They all are theives.
This abomination is not capitalism. far from it. Cut ALL welfare and lets see these salaries after. Numbers are going to drop like stones.
http://www.cato.org/pubs/handbook/hb105-9.html

[thor]

Why not value salary by measuring the amount of energy burned during a working day? So burned calories translate immediately into an understandable amount of "effort". Money isn't a fair metric in that regard.

This lucky bastard and his $400 probably don't correlate very well on my burned calories scale....

[emersonbiggins]

Why not value salary by measuring the amount of energy burned during a working day? So burned calories translate immediately into an understandable amount of "effort". Money isn't a fair metric in that regard.

This lucky bastard and his $400 probably don't correlate very well on my burned calories scale....

By that measure, construction workers would make millions while engineers would get dick. Now, I love blue collars, but I'd rather not have them designing things like suspension bridges, airplanes and 80-story buildings.

You need a new scale.

[Dreamtwister]

I wouldnt mind the poor if they would quit trying to steal money from the rich rather then get off their lazy asses and try to get ahead for themselves.

What about the obscenely wealthy who steal from EVERYONE? Is it OK to create a fiat economy and rob everyone who lives within it? A lot of those "lazy poor people" are only poor because they are being robbed, and have been robbed for generations. And they will continue being robbed because the robber barons are the ones who choose how the poor are educated (or more accurately, *not* educated).

[Specop_007]

Coporate fucking welfare is stealing fram the upper/lower middle class en mas! to hell with all welfare! They gots the ponzi scheme going. all I have to do is look at my paycheck and The Cato Instutute.
They all are theives.
This abomination is not capitalism. far from it. Cut ALL welfare and lets see these salaries after. Numbers are going to drop like stones.
http://www.cato.org/pubs/handbook/hb105-9.html

Now THAT I agree with 100000%!!!

I fucking HATE Corporate welfare!!

[Grifter]

I wouldnt mind the poor if they would quit trying to steal money from the rich rather then get off their lazy asses and try to get ahead for themselves.

What about the obscenely wealthy who steal from EVERYONE? Is it OK to create a fiat economy and rob everyone who lives within it? A lot of those "lazy poor people" are only poor because they are being robbed, and have been robbed for generations. And they will continue being robbed because the robber barons are the ones who choose how the poor are educated (or more accurately, *not* educated).

I think you picked the only point that is arguable here. Blaming the poor for being poor is older than written history. There will ALWAYS be poor people unless you choose big government in a small population. So even choosing big government now won't be a solution because there's too many of us.

Its intellectually dishonest to pretend that EVERYONE can make it, can't happen. Either accept that there will be the poor and exploited or accept that you can't be free to reap the rewards of your efforts and those of your relatives.

Its interesting, as holmes and venky said, that this sort obsene amount of money gets such a high profile. They can't be that clever, they will be blamed, even though I don't blame them myself it shows that the 'global elite' couldn't run a piss up in a brewery. They obviously aren't gonna take over the world but they probably think they are. Stupid twats.

[strider3700]

He got in at the right time: cheap pletiful energy. Lots of resources. Those days are ending. It was a great ride....That window is closing. Who cares what he made. Bigger concerns are on the way. This guy and all the other Fuedal Lords will either be forgotten or strung up. Hated by the mobs.

Are you kidding? They're a frigging oil company. The worlds biggest crack dealer. When supply tightens they make even more money. The party won't end for them until they can't deliver and thats not likely to happen for quite awhile. The rest of us are screwed of course.

As for the $400,000,000 payout I don't see at all why it bothers you unless you're a stock holder that just got into the company.

[holmes]

Well your right it wont be for awhile before the fuedal lords are strained. However the salaries are not going to be there. If we are all poor where is their money going to come from. They will exploit every last inch until the end. I guess wealth might be in the form of human flesh. Wait, It already is that way. Already. The wealthy socialist fuedal lords needs that tax base for their salaries. I dont think the tax base of the entire planet is going to be around much longer. I feel like 35 and ups are last on the list for "good times". But yeah the oil companies will be wealthy right to the end I suppose.

Spec Im wid you. Its gross these corpoarations. But they "give us them Jabs". Its twisted. We are paying them to cut our throats. Poor and rich. The rich hold us down while the poor sodomize us. Weird culture of death.

[holmes]

They will only be delivering to those that have money. Well see how long it is before 80% of the humans have none. The tax base cannot keep paying as is for much longer. I dont predict I just observe decline. It is not slow.

[PolestaR]

SPECop... hilarious you think that guy deserves the 400 million. It wouldn't bother me if he led Exxon to make 5000 trillion over his tenure.

Of course he deserves it. Why doesnt he? He didnt steal the money from YOU did he?
You seem to have quite a case against what others make. You might be better served if you quit worrying about the fact others are more successful then you and started worrying about your own success.
Do YOU want big payouts? MIT, Harvard, Yale....All have open admissions and all you have to do is request an application.

Ho ho ho, merry christmas. Since you have an institutionalized education and also think it has worth over everything [nearly] else I can tell a lot about you.

I don't worry about others being more "successful" than me. For instance in your own mind you seem to think you're more successful than me and I'd say a lot others on this forum and in the poor community. And why? Because you went to some money crunching institution where you *shock* *gosh* learnt some shit? Sure you seem to think that because your dad broke his back to get you there that you somehow "did it hard". Yeah I'm sure you did it hard.

Try talking to the people who can't afford to go to high school let alone university/college. See how they have 2 parents working who barely had an influence upon their lives due to this. The fact is this doesn't even excuse them, I can learn everything you did at whatever university you went to for basically nothing. Sure I don't get to do the 5% of work which isn't theory or drink beer through a funnel and call it socializing but it wouldn't bother me.

The crux is an education means very little, in 99% of cases it isn't your education (institionalized/life experience/whatever) which gets you places in the top paying jobs (like what 80% of the wealth from 5% of the ppl?). I'm sure with your paper title you can go somewhere and get what, 100K if youre lucky? Maybe 250K if you chose some sector needing people, or possibly even higher if you were highly intelligent (unlikely). If you think that's good when George Bush doesn't and never has worried about money at all, let alone what his salary is you need a slap.

I can sure tell you are used to this society where the few have power, and hell, you even get a bigger taste than most others at the life they lead. Which puts you in an odd position doesn't it. Who would want the end of the world as we know it when you're a king already.

[strider3700]

But yeah the oil companies will be wealthy right to the end I suppose.

Then help yourself to some of the wealth and pick up some stocks. It doesn't matter if you like the system or not, you're trapped in it so you might as well use it to your advantage.

[emersonbiggins]

Let me vouch for specop: I don't think he's ever darkened the doors at ANY institute of higher learning, firearms academies notwithstanding, much less those at Princeton or Cambridge. He thoroughly enjoys his 9-5 desk job and shooting up things on the weekends, and expects his lot in life would be much worse anywhere else on the planet (and he's probably right). So, forgive him for what he perceives as right, and more importantly, for what he doesn't perceive at all.

[holmes]

"he dont know me vewwy well." -bugs bunny

I am "in" the system. Oil stocks booming.