May 22, 2008

Free Market. Beeyotchez!!

Oil Execs: We Need High Profits!

Top executives of the five largest oil companies tried to shift anger over high prices to a debate over supplies Wednesday, leading a senator to accuse them of acting like “hapless victims” while racking up record profits.
He asked Mr. Simon what his total compensation was at Exxon, a company that made $40 billion last year. Mr. Simon replied it was $12.5 million annually.
Two other executives, John Lowe, executive vice president of ConocoPhillips, said he did not recall his total compensations as did Peter Robertson, vice chairman of Chevron. John Hofmeister, president of Shell Oil, said his was “about $2.2 million” but was not among the top five salaries at his company’s international parent. Robert Malone, chairman of BP America, put his compensation at “in excess of $2 million.”
I mean, really, what's the problem, prole?

1 comment:

Anonymous said...

I loved how Maxine Waters sliced and diced the fuckers. Greedy bastards.