Yaron on Television

 Posted by on 20 April 2006 at 12:08 pm  Uncategorized
Apr 202006
 

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

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