Oil: Exxon Chairman's $400 Million Parachute

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,...Full Story
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