Wednesday, April 19, 2006

Senate Notices Greed?

Gosh. Who woulda thunk it? Duh. 'Bout time.

Senator rips ex Exxon CEO's retirement package - Yahoo! News: "By Tom Doggett Tue Apr 18, 4:53 PM ET

WASHINGTON (Reuters) - 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. . ."

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