I put Middle Earth Journal in hiatus in May of 2008 and moved to Newshoggers.
I temporarily reopened Middle Earth Journal when Newshoggers shut it's doors but I was invited to Participate at The Moderate Voice so Middle Earth Journal is once again in hiatus.

Saturday, April 15, 2006

From the "Good work if you can get it" department

Things must be tough in the oil industry. That's the only explanation I can see for this report that gas prices are already rising once again in advance of the summer vacation and travel season. But even in such tough economic times, it's good to see the sense of optimism which surely prevails at Exxon.

Exxon Chairman Gets $400 Million Retirement Package

April 14, 2006— Soaring gas prices are squeezing most Americans at the pump, but at least one man isn't complaining.

Last year, Exxon made the biggest profit of any company ever, $36 billion, and its retiring chairman appears to be reaping the benefits.

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.

Last November, when he was still chairman of Exxon, Raymond told Congress that gas prices were high because of global supply and demand.

"We're all in this together, everywhere in the world," he testified.

It's nice to see that we're all in this together. I'm sure my $400 million dollar benefit package is just held up in the mail... probably because of the high cost of gas to run the mail trucks out to my house.

You know, I'm really starting to have some empathy for the people of France a couple hundred years ago when similar conditions arose in the upper classes. Back then people just rose up en masse' and began lopping off heads. Lee Raymond was probably wise to have a couple years of heavy, private security put in his package. His neck is looking a little wobbly at this point.

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