During his tenure as one of the world’s most powerful oilmen, Lee Raymond who retired as Exxon’s Chief Executive last December, was vilified by environmentalists for his stance on climate change. Over the last decade Exxon has led the way to derail any action on the issue. The consequences of Raymond’s actions will be felt by the world for decades to come.
Now an analysis undertaken by the New York Times has found that for his efforts, Mr. Raymond was paid more than $686 million from 1993 to 2005. That is $144,573 for each day he spent leading Exxon’s “God pod,” as the executive suite at the company’s headquarters in Irving, Texas, is known.
There is some inverse morality going on here – a man who does more than any other (apart from President Bush ) to wreck the climate receives an obscene amount of money.
Now, if you are fretting that Lee’s going to have to tighten his belt a little in retirement – he is still going to be paid $1 million a year by Exxon as a consultant. Hopefully not on climate change.