Originally Posted by
Lighteningspeed
Here's food for thought.
Gold-Plated Exit For Exxon CEO
By
Steven Mufson
Washington Post Staff Writer
Thursday, April 13, 2006; Page D03
Exxon Mobil Corp.'s outgoing chief executive, Lee Raymond, received $48.5 million in salary, bonus, incentive payments and stock awards last year and retired Jan. 14 qualifying for a pension with a lump-sum value of $98.4 million, according to the company's latest proxy statement.
By the end of 2005, Raymond had accumulated $183.1 million worth of Exxon Mobil stock and had options worth $69 million to buy additional company shares. The company also covered his expenses for items including club memberships and private use of corporate jets.
So let's be conservative here and say that Exxon only makes money off of gasoline sales in the United States, which completely disregards their global business. And let's also say that Exxon has a measly 10% share of that market, which according to DOT was 140 billion gallons in 2004. So Exxon sold, say, 14 billion gallons in 2004. By raising gas prices $0.007 per gallon, they could have paid for this guy's exit package in
one year.
Or, looking at it another way, this guy could give it all back and maybe depress prices by a very small fraction of a cent.