Supersized Paychecks for Oil Execs in 2005
CEOs of the largest 15 oil companies averaged $32.7 million in compensation in 2005. This sum is more than twice the amount paid out to CEOs at other "large U.S. firms." More on the study released by the Institute for Policy Studies and United for a Fair Economy here. Oink, oink! (via huffpo)CEOs of the largest 15 oil companies averaged $32.7 million in compensation in 2005. This sum is more than twice the amount paid out to CEOs at other “large U.S. firms.” More on the study released by the Institute for Policy Studies and United for a Fair Economy here. Oink, oink! (via huffpo)
Wait, before you go…Bloomberg Rising prices and profits translated into pay packages for oil company chief executive officers that are nearly three times the size of similarly sized businesses, a new study from two watchdog groups said.
In 2005, the CEOs of the largest 15 oil companies averaged $32.7 million in compensation, compared with $11.6 million for all large U.S. firms, according to the study, released today by the Institute for Policy Studies and United for a Fair Economy.
Amid reports of multimillion-dollar pay packages, shareholder activists have sponsored resolutions to limit compensation at companies like Exxon Mobil Corp. and Home Depot Inc. In May, three members of the House of Representatives criticized the retirement benefits of former Exxon CEO Lee Raymond and asked the company to fill a gap in its workers’ pension fund. link
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
Support Truthdig
The UC Davis cop who pepper-sprayed at close range a group of peacefully protesting students was awarded $38,000 for his experience in the aftermath of the altercation, more than those he brutalized received.
Big banking execs on Wall Street might have noticed a slight pinch in their cash bonuses last year, but that doesn't mean those clever business minds didn't find a way to make up for it through other financial channels.
President Barack Obama finally might be digging in his executive heels over the Gulf oil blowout. The White House has announced the president will address the nation Tuesday night about the spill and is expected to outline a plan that would force BP to create a multibillion-dollar escrow account to compensate those affected.
The Israeli government, according to The Wall Street Journal, has agreed to pay about $105 million to compensate the United Nations for an incident that resulted in the killing of a UN driver and the destruction of two U schools and a World Food Program warehouse during Israel's attack on Gaza in 2009.
There are currently no responses to this article.
Be the first to respond.