Saturday, April 15, 2006

Exxon chief makes $144,573 per day: NYT - MarketWatch

Exxon chief makes $144,573 per day: NYT - MarketWatch: "Apr 15, 2006

WASHINGTON (MarketWatch) -- Lee Raymond, the chairman and chief executive officer of Exxon, earned $144,573 for each day of the 13 years he served at the top of the oil company, according to a report in Saturday's New York Times.
Raymond, who retired from Exxon (XOM :
exxon mobil corp com
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Last: 61.56+0.10+0.16%
XOM61.56, +0.10, +0.2% ) in December, received more than $686 million from 1993 to 2005, according to an analysis done for the paper by an independent compensation consultant.
Raymond received more that $400 million in the final year of his contract.
Shareholder activists, consumer groups and corporate governance experts were taken aback by the details of the package."

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