Lee Raymond, the recently retired chairman and CEO of Exxon Mobil was paid more than $686 million from 1993 through 2005. That works out to be $144,573 for each day Raymond led the oil giant and it earns him the distinction of
"Capitalist of the week".Under Raymond, the company's market value increased fourfold to $375 billion, overtaking BP as the largest oil company and General Electric as the largest U.S. corporation. Net income soared from $4.8 billion in 1992 to last year's record $36.13 billion.
Shareholders benefited handsomely on his watch. The price of Exxon's shares rose an average 13 percent a year. The company, now known as Exxon Mobil, paid $67 billion in dividends.
That's some pretty handsome corporate performance. Still, is anyone really worth 144 grand each day?
Lee Raymond, the recently retired chairman and CEO of Exxon Mobil was paid more than $686 million from 1993 through 2005. That works out to be $144,573 for each day Raymond led the oil giant and it earns him the distinction of "Capitalist of the week".
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