dianahsieh Posted April 20, 2006 Report Share Posted April 20, 2006 From ARI: Dr. Yaron Brook is scheduled to appear on CNBC's "On the Money," tonight, April 20, 2006, between 7 and 8 pm, Eastern (4 and 5 pm Pacific), to discuss the retirement package of Exxon's CEO Lee Raymond. Here's yesterday's Letter to the Editor on the topic: Dear Editor: It is only just that Exxon chairman Lee Raymond receive one of the largest retirement packages in history. During the 12 years he ran Exxon, it became the largest oil company in the world and its stock price went up 500 percent. The $400 million Raymond will get for his 12 years at the helm of Exxon represents about 1 percent of the $36 billion in profits Exxon made only last year. That is the largest amount of profit of any company ever--and Exxon's CEO deserves to be rewarded for that. We should not be complaining about Mr. Raymond's compensation, but congratulating him--and other high-performing CEOs--for a job well done. Dr. Yaron Brook Executive Director Ayn Rand Institute Copyright © 2006 Ayn Rand® Institute. All rights reserved. This release is copyrighted by the Ayn Rand Institute, and cannot be reprinted without permission except for non-commercial, self-study or educational purposes. We encourage you to forward this release to friends, family, associates or interested parties who would want to receive it for these purposes only. Any reproduction of this release must contain the above copyright notice. Those interested in reprinting or redistributing this release for any other purposes should contact [email protected]. This release may not be forwarded to media for publication. Quote Link to comment Share on other sites More sharing options...
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