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Environmental Blog’s CEO Hit-Job

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On Google Reader, I try to have a number of blogs from all sides of political issues to ensure I have a balanced perspective. One of these blogs, Gristmill, launched a traditional left wing hit on Big Oil CEOs last week.

The gist of this Gristmill post (yeah, I just did write that) was that Big Oil CEOs are making huge amounts of money while we pay $4 for a gallon of gas. The writer doesn’t make much commentary (this blog has some of the longest posts I’ve ever seen), but one can be assured that its context is noted in the comments section as normal “outrage inspiring.”

One wonders whether the officer can fathom the level of responsibility required of a CEO. In the world of big corporations, people are paid based on performance. I don’t see how this is any different from successful tech companies (i.e. Google) who are funding the Dems.

These execs are also charged with the shareholder’s best interest, so consider these CEO’s pay as a derivative of success for the vast majority of America’s retirement funds. Who wants to retire, anyways? Looking at one of these companies, ExxonMobil (XOM), you’ll see that the stock is not exactly hot–as of Friday’s close, it is $0.98 off of where it was one year ago and 8.76% off year-to-date.

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Written by walonline

July 13, 2008 at 9:31 pm

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