Gilead: Cliff:
Cliff's argument is paramount!
Gilead: Your point of being a "steward" is only partly true. Theoretically in a perfect business world I might not disagree (too much). But, it is FAR from that.
The EXXON board isn't even close to being a good steward for the shareholder - and neither are most boards nowadays. They are looting the shareholder in almost every conceivable way! As I have said before, all you can do is hope you are on the right side of their theivary when you trade!
When 1) the CEO gets 25 times as much as they shell out for the worst event in our country's history, 2) 1/3800th of their QUARTERLY PROFITS, 3) a fraction of the windfall they will get SOLELY from Katrina herself... then I reiterate.... They should be shot! And, I would damn near be willing to pull the trigger!
Len