Black Gold

As gas prices threaten to surmount $3.00/gallon in most places around the country this summer, you'll be pleased to hear that Lee Raymond, the former Exxon chairman, has been given a modest $400 million retirement package. This includes 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 worth mentioning here that Exxon made $36 billion last year- the largest annual profit made by anyone, ever. I'm curious as to how an oil company posts the biggest profit in history during a supposed energy crisis.

(statistics courtesy of ABC News)