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Saturday, April 15, 2006

Largest Retirement Package Ever, Given To Exxon Chief

Imagine for a moment that you are getting ready to retire after 12 years on the job, what kind of retirement income could you expect?

Well try this on for size, $141,000 a day. This is the largest retirement program given to anyone, and includes your own private security, free use of a jet, a car and a driver, and a one million dollar consulting fee.

ABC News is reporting:

"Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes."

Next time you stick that gas nozzle in your car, and watch the cents quickly add to dollars, you might want to day dream how your retirement might compare.


At 1:17 AM, Anonymous iwwobbly said...

Great post Bob.Our capitalist system is out of control.There has to be a more fair way to distribute the wealth of our society,and make sure the old,poor,and weak of society are taken care of.It's not right that a small minority have most of the wealth of our country while most of us struggle from paycheck to paycheck.


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