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May 13, 2008

Exxon Not Well Managed?

Exxon, a company that had over 12 billion dollars in profits last year (perhaps the highest in real dollars in modern history for any private company), raising howls of protest from Congress and the left, is apparently not well managed.  By the way, Exxon paid 30 billion in federal taxes, more that the aggregate paid by close to forty percent of the country's entire population.  Shareholders are sponsoring resolutions to separate the positions of chairman and chief executive officer (CEO) and to give them a vote on executive compensation.  Apparently the company is --- not making enough in profits?? Who'd a thought it.

May 13, 2008 in Corporate Governance | Permalink

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