Author Topic: Oil Company CEO Pay Averaged $32.7 Million (Read 843 times)

JB88 · « **Reply #30 on:** August 31, 2006, 07:18:29 AM »

wonder why?

starts with a -E ends with
- tion.

lazs2 · « **Reply #31 on:** August 31, 2006, 08:43:05 AM »

Are some of you guys for real?

If the movie producers made nothing it would drop the cost at the boxoffice a few cents.

If the oil companies... the entire entity.... made ZERO profit.... it would drop the price at the pump a whole....... Ten frigging cents!

We are awash in oil... we have offshore and Alaskan oil.. we can refine high sulpur oil that a loit of countries can't (venezuelan oil).

We Can build nuke power plants to get rid of our dependance....

But we don't...

The democrats and their environmentalist cabal have fought every offshore idea or drilling for oil in Alaska... they have made it impossible for new refineries to start up... they have made it all but impossible for nuke plants to start up and operate.

Soooo You want gas down to $1 a gallon again and the U.S. never to be dependant on foriegn oil again?

Never vote for another democrat and allways write and tell em why. Oh.... mention you are a gun owner too and don't like their views on the second just to rub it in.

lazs

CavemanJ · « **Reply #32 on:** August 31, 2006, 09:01:23 AM »

Quote

Originally posted by lasersailor184
RPM, they run their cut throat businesses well. I hold nothing against them. Especially now that gas is going down in my neck of the woods.

yeah.. it's going down... in the past week and a half the 87oct has gone from 2.97 to 2.58 (as of last night).

What's worrying me is how hard they're gonna spike it tomorrow or maybe Saturday morning for the holiday weekend.

indy007 · « **Reply #33 on:** August 31, 2006, 09:12:58 AM »

Funny that these studies always leave out one little detail...

What % of total expenses is the CEO's salary?

To put it in perspective, according to charitynavigator.org

Quote

The average Human Services (2.39%), Arts (2.48%) and Public Benefit (3.21%) charity also spend a smaller percentage of their expenses on the CEO's pay.
Environmental (5.53%), International (4.52%), Religious (4.34%), Health (4.03%) and Animal (3.91%) charities spend a higher percentage on their top executive's compensation.

Delirium · « **Reply #34 on:** August 31, 2006, 10:00:22 AM »

Quote

Originally posted by Neubob
George Lucas made something like $280 million the year Episode 3 came out.

Tiger Woods is expected to become the first billionaire athlete sometime in the next 8 years.

There's a Mass Tort Lawyer from Texas who's worth an estimated $1.2 billion

The guys from Google went from nearly nothing to net worths exceeding 4 billion, each, in less than 10 years.

Lucas; you don't need to buy a movie ticket to heat your home nor get to work. Lucas's work is non essential and you can always watch a non Lucas movie..

Tiger Woods; You don't have to buy products endorsed by Tiger Woods (ie Nike shoes and Buicks, they are close to non essential and you can always not go to a golf expo and buy a product not promoted by him.

The Texas lawyer: definitely non essential, there are enough attorneys around.

Google: You don't need Google to get to work or heat your home. If Google charged $3.00 per search, it would go out of business overnight.

Unfortunately, fossil fuels are essentials... competion is laughable as they all charge a price that is agreed upon in closed door meetings, they never try to undercut each other to form competion, there are fewer oil companies now than there was 10 years ago, and you don't see any of the tycoons mentioned above throwing money into the US Government to keep this country away from alternatives to fossil fuels as well as keeping any 'oil unfriendly' bills from passing.

Its incredibly pathetic.... and frankly, we are all screwed. Get ready to pay a blood debt to keep those SUVs running...

edit: this isn't a post against the CEO's profit, it is against the record oil company profit.

lazs2 · « **Reply #35 on:** August 31, 2006, 02:48:08 PM »

sooo.... take away all of oils profit and you reduce price at the pump by......

TEN CENTS..

Allow more refineries to be built without represive environmentalists and allow more nuke plants to be built and allow for the exploration of oil offshore and in Alaska and drop the taxes on it to only support road building....

You reduce the price at the pump to about $1 a gallon

First you got to decide that no matter what they promise you.....

Never vote for any democrat. Their idea of equality is making sure everyone is just as bad off.

lazs

Auger · « **Reply #36 on:** August 31, 2006, 09:07:56 PM »

It's not the company's profit that is so galling. It's that CEO's regularly get such exorbitant sums, despite the company's performance. Have you ever met a CEO of a Fortune 500 company? These guys are seldom rocket scientists. Quite often the company would succeed with a chimpanzee in the position, although the comparison disparages chimps.

I have no problems with a CEO that turns a failing company around and makes it profitable again. That's money well spent and earned. But the clowns who sit on Mahogany Row and leech on a company that thrives in spite of them would be run out of town on rail if it weren't for the fact that the board is made up of others just like them. Which is why I'll never work for another F company again.

storch · « **Reply #37 on:** August 31, 2006, 09:48:14 PM »

never be jealous of other people's profits.

john9001 · « **Reply #38 on:** September 01, 2006, 08:10:34 AM »

auger is right, who controls a CEO's pay, the board does, and who is on the board, other CEO's, it's a "you vote for my 20 million bonus and i'll vote for yours".

Neubob · « **Reply #39 on:** September 01, 2006, 08:58:31 AM »

Quote

Originally posted by Delirium
Lucas; you don't need to buy a movie ticket to heat your home nor get to work. Lucas's work is non essential and you can always watch a non Lucas movie..

Tiger Woods; You don't have to buy products endorsed by Tiger Woods (ie Nike shoes and Buicks, they are close to non essential and you can always not go to a golf expo and buy a product not promoted by him.

The Texas lawyer: definitely non essential, there are enough attorneys around.

Google: You don't need Google to get to work or heat your home. If Google charged $3.00 per search, it would go out of business overnight.

Unfortunately, fossil fuels are essentials... competion is laughable as they all charge a price that is agreed upon in closed door meetings, they never try to undercut each other to form competion, there are fewer oil companies now than there was 10 years ago, and you don't see any of the tycoons mentioned above throwing money into the US Government to keep this country away from alternatives to fossil fuels as well as keeping any 'oil unfriendly' bills from passing.

Its incredibly pathetic.... and frankly, we are all screwed. Get ready to pay a blood debt to keep those SUVs running...

edit: this isn't a post against the CEO's profit, it is against the record oil company profit.

By this rationale, doctors, plumbers, mechanics, carpenters and construction company CEOs should all be working for peanuts--inevitably, under control of the govt.

I will concede this one thing... The biggest evil these guys represent is a status quo from which we cannot break away. Their salaries, while big, represent fractions of a penny for every tank of gas we buy. Their effects on the developement of technology that is essential to our future independance from the Arab nations, not to mention to the environment, is incalculable.

lazs2 · « **Reply #40 on:** September 01, 2006, 10:18:47 AM »

yep... the pay of the CEO's is of no real importance to the consumer... it is useful only as a tool used by the socialists to foment class warfare. silly really..

Look to the real enemy of the people... the real reason for higher fuel prices.... the democrats who have fought every chance we had of retaining cheap and plentiful oil and the democrats who have added more and more tax to it..

How do you guys feel about the state government making a 300% or more profit increase on your misery?

That doesn't bother you?

If the sales tax was 7 cents a gallon on gas it is now 21 or more cents a gallon for the same product.

What kind of gullible idiot would worry about the lousy 10 cents a gallon profit the oil companies make?

lazs

Eagler · « **Reply #41 on:** September 02, 2006, 02:58:21 PM »

Quote

Originally posted by storch
never be jealous of other people's profits.

never be jealous of other people's anything.

Dago · « **Reply #42 on:** September 02, 2006, 03:02:52 PM »

Hey, CEOs gotta eat too.

storch · « **Reply #43 on:** September 02, 2006, 04:28:33 PM »

Quote

Originally posted by Eagler
never be jealous of other people's anything.

true enough but usually most of those other things stem from being profitable. but I'll stand corrected and modify my statement as well.

WhiteHawk · « **Reply #44 on:** September 02, 2006, 06:49:46 PM »

If the CEO can somehow cause all the other competing gas stations to raise and lower their prices at exactly the same time and rate as his companys gas stations, AND not be carted away, much less investigated by the federal govt for price fixing and racketeering and a host of other white collar crimes, then he deserves much more than 37 million dollars.