retirement

Exxon Paid Its Ex-Chairman $686 million

Apr 15, 2006
As gas prices soar across the nation, Exxon's board paid its recently-retired chairman, Lee R. Raymond, over $686 million since 1993--with $400 million of that coming in his final year with the company. A compensation payout like that got N.Y. Stock Exchange Chairman Richard Grasso sued.
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Wal-Mart CEO Talks Tough in Internal Memos

Feb 17, 2006
Wal-Mart's CEO suggests that a store manager is disloyal, and should consider quitting, after the manager laments the lack of health benefits at the mega-chain. This happened on a confidential, internal website that the N.Y. Times sussed out. Earlier: Sales are brisk and accusations fly as Robert Greenwald's Wal-Mart documentary racks up 110,000 DVD sales.