InvestorsHub Logo
icon url

otcbargains

09/06/05 3:29 PM

#21617 RE: gilead23 #21612

Gilead


What you say is true. However, any donation exxon makes is seen as a 1-time charge and has little effect on their share price.

They should not be forced to contribute but it is perfectly acceptable for investors and customers to hold billion dollar corporations accountable when they do not do their part to assist the country when in need.

I think it is a mistake for Exxon to only donate 2 million and i am willing to bet that they end up contributing much more.
icon url

cliffvb

09/06/05 4:05 PM

#21624 RE: gilead23 #21612

I only wish companies like XOM would also remember it is the stockholders money when they hand out those lucrative compensation plans to their executives. It looks like the CEO of XOM was paid a salary of $7.5Mil last year plus $43 mil worth of options on top of that. Makes the $2mil in donations look rather paltry in comparison.
icon url

lentinman

09/06/05 4:54 PM

#21640 RE: gilead23 #21612

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