“Amid record oil prices and soaring gasoline costs, Exxon Mobil's $400 million retirement package to its former CEO is a "shameful display of greed" that should be reviewed by Congress and investigated by federal regulators, Democratic Sen. Byron Dorgan (news, bio, voting record) said on Tuesday.”
“Dorgan said he wants Exxon Mobil officials to appear at a Senate Commerce Committee hearing to explain how the corporation "justifies" giving its former boss, Lee Raymond, such a huge retirement package.”
In a free country, this is frankly none of our business. The only people who should be concerned are Exxon’s owners, its stockholders. Nothing is being hidden from these investors. This is a totally transparent transaction. Senator Dorgan is simply harassing a major capitalist entity. Is this intellectually challenged politician really interested in bringing down our gas prices? If that is indeed the case, why not have hearings on how best to add more nuclear energy plants, refineries, and immediately start drilling in Alaska's ANWR? Are you upset with raising fuel prices? Well, you have no one to blame but yourself if you normally vote for Democratic and "moderate" Republican candidates. They ultimately only care about satisfying the wishes of the affluent yuppie elites.
UPDATE: Morgan notes in comments - 'Who profits from oil?
We can expect Sen. Dorgan to give back "excessive tax receipts" on oil products on about the 12th of Never.