Wow. If you thought compensation was high for some executives, take a gander at this recent article from the New York Times: Exxon Chairman Got Retirement Package Worth at Least $398 Million. Here’s an interesting clip:

“Exxon’s board also agreed to pick up Mr. Raymond’s country club fees, allow him to use the company aircraft and pay him another $1 million to stay on as a consultant for another year. Mr. Raymond agreed to reimburse Exxon partly when he uses the company jet for personal travel.”

Later this afternoon I might dig through Exxon’s most recent proxy statement to see what else I can find. I’ll be sure to post anything that’s interesting.

TAGS: Executive Compensation | Money | Greed | Salary

This entry was posted on Monday, April 17th, 2006 at 6:14 am and is filed under Business Ethics, Corporate Social Responsibility. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.