Gas Prices Oil Executives Not Making Enough

[TCHB]

CHICAGO (Reuters) - Occidental Petroleum Corp.'s (NYSE:OXY - news) chairman and chief executive took in more than $400 million in compensation last year, the company said in a filing, one of the biggest single-year payouts in U.S. corporate history

[lewiville]

I'll be the first to post on this. Fock these guys. When the HELL is it going to end?

[FilthyHaBIT]

I'll be the first to post on this. Fock these guys. When the HELL is it going to end?
Uh huh....This country is great cause it is a capitalisic society.....I say good for him....he worked hard and figured out a way to make it big. I'm hoping to figure out a way to do the same....fock everyone who is envious and get off your ass work hard in our free economy. There is much money to be made....or move to a socialist country where everyone is EQUAL.

[lewiville]

Uh huh....This country is great cause it is a capitalisic society.....I say good for him....he worked hard and figured out a way to make it big. I'm hoping to figure out a way to do the same....fock everyone who is envious and get off your ass work hard in our free economy. There is much money to be made....or move to a socialist country where everyone is EQUAL.
I think there is a huge difference between "working hard" for your money and making it big, and " focking the hard worker". Obviously the is a product that is not watched for "gouging " and over pricing.Also this is a product that we need to keep the economy moving. I mean that we can not live with out it, and because of that someone is taking advantage of the situation. I think we should always be thinking of new ways to be making money. Hell I do that every day at my current job. Doesnt mean that I go out and take advantage of people that need my product.

[CA Stu]

I think there is a huge difference between "working hard" for your money and making it big, and " focking the hard worker". Obviously the is a product that is not watched for "gouging " and over pricing.Also this is a product that we need to keep the economy moving. I mean that we can not live with out it, and because of that someone is taking advantage of the situation. I think we should always be thinking of new ways to be making money. Hell I do that every day at my current job. Doesnt mean that I go out and take advantage of people that need my product.
He runs an 87 year old company that is run better than 98.7% of all energy companies, and did almost 18 billion dollars in revenue last year.
What would you pay the man responsible for that?
Grow up.
Thanks
CA Stu

[talbert450r]

This guy is making $1,538,461.54 per work day :jawdrop: Holy crap
BALLER

[TCHB]

I guess he is worth how many fireman?
What did he do to earn that kind of money. He sets the rules for compensation.

[hoolign]

He runs an 87 year old company that is run better than 98.7% of all energy companies, and did almost 18 billion dollars in revenue last year.
What would you pay the man responsible for that?
Grow up.
Thanks
CA Stu
Exactly! alot of people don't see the big picture!

[lewiville]

He runs an 87 year old company that is run better than 98.7% of all energy companies, and did almost 18 billion dollars in revenue last year.
What would you pay the man responsible for that?
Grow up.
Thanks
CA Stu
again, I truly believe that every hard worker needs to be rewarded accordingly. Don't miss my point here. Based upon the information that I have heard, seen, and understand theres no way our fuel prices should be where they are. We have way to many resources that provide enough fuel to keep prices down to a reasonable level. Elevating prices and fabricating story's to try to justify prices rising, come on? I just heard from a friend in the industry that there was a oil rig in Long Beach that has been shut down for 7 years. Nothing wrong with it, just shut down. Conspiracy? I have no clue. I'm just saying that theres a lot of these types of situations going on around us, and I just feel that is why I pay $3.33 at the pump. These are just simple observations, nothing to start an argument, no whining here. I still work my ass off, still pay what I have to at the pump.

[TCHB]

I know things have changed but I feel their should be a compensation ratio from the lowest levels of the organization to the top levels. This ratio is way out of wack today. If you think about it that means a fireman on the street makes $80K, the Chief makes $20Million, City Manager makes $4OMillion.

[HammerDown]

Ok so what do ya's think about Unions...:D

[hoolign]

Ok so what do ya's think about Unions...:D
Great! for the guy who wants to run a mop, and only a mop and make 45 an hour to be a Juourney man mopper! But i suppose he would deserve it after working his way up from apprenctise mop wringer to journeyman mop ringer then, apprentice bucket filler to journeyman bucket filler, then apprentice bucket mover to journey man bucket mover to the added responsiblity of now managing the two under him and training the new mop ringer! In two years he'll be mop area coordinator and have three guys to coordinate plus decisions to make on where to mop. - which will eventually be to stresfull and he'll need stress relief from work and be fully compensated!

[TCHB]

Ok 99% of Union People are good people.

[bigq]

I know things have changed but I feel their should be a compensation ratio from the lowest levels of the organization to the top levels. This ratio is way out of wack today. If you think about it that means a fireman on the street makes $80K, the Chief makes $20Million, City Manager makes $4OMillion.
Huge difference is those are all public positions, you guys work for us! He runs a company that pays shareholders a lot of money. Now maybe if someone in public office actually did a great job we would consider more pay.;)

[CA Stu]

FSTEX (http://finance.yahoo.com/q?d=t&s=FSTEX)
I let them pay for my gas. :D
$7 per share distribution last December, already recouped the price drop, too.
Thanks
CA Stu

[hoolign]

FSTEX (http://finance.yahoo.com/q?d=t&s=FSTEX)
I let them pay for my gas. :D
$7 per share distribution last December, already recouped the price drop, too.
Thanks
CA Stu
Your not saying that: you invested in the oil and gas sector?? and made money?? That's a very interesting concept! don't you feel guilty?? Invest - collect - spend..you may be onto something here! I'm sure this is going to catch on sooner or later! :D

[Kachina26]

I just heard from a friend in the industry that there was a oil rig in Long Beach that has been shut down for 7 years. Nothing wrong with it, just shut down. Conspiracy? I have no clue. I'm just saying that theres a lot of these types of situations going on around us, and I just feel that is why I pay $3.33 at the pump.
Problem is, where would we refine the oil that came out of that well? The typical answer is "not in my backyard" or nimby. We need more refineries to reduce the cost of fuel. Not to say that companies aren't taking advantage of the current situation.

[TCHB]

Maybe Ford should start shutting down its dealers and then tripple the cost of its cars. Cash goes up and CEO is happppppy.

[hoolign]

Maybe Ford should start shutting down its dealers and then tripple the cost of its cars. Cash goes up and CEO is happppppy.
Great idea! I'd bet Chev and Dodge would even chip in on the business plan with them! :D

[bigq]

Maybe Ford should start shutting down its dealers and then tripple the cost of its cars. Cash goes up and CEO is happppppy.
CEO :confused: I don't think that is who needs to be happy. Could work if Ford was in great demand.:D

[4trax]

Uh huh....he worked hard and figured out away to Phuck the real hard workers
Worked hard my azz:devil:

[lewiville]

FSTEX (http://finance.yahoo.com/q?d=t&s=FSTEX)
I let them pay for my gas. :D
$7 per share distribution last December, already recouped the price drop, too.
Thanks
CA Stu
CA STU,
now that is brilliant! Good job. I don't know why the hell I didn't think of that. Dammit, I hate it when that happens. I think I got so wrapped up in trying to buy real estate that this opportunity passed right bye on roller skates.
Thanks for the heads up

[spectras only]

Exactly! alot of people don't see the big picture!
Hey Hooli , I see the picture , You're working in the industry ;) :D .
The only problem I see with the gas price scenario is ,oil became a nessessity rather than a commodity , almost like water . No economy will survive without oil . When Whistler going to run out of skiers [ the slopes are empty now as we speak , because of escalated lift prices] they can close down , and only the rich will bitch :idea:

[lewiville]

Problem is, where would we refine the oil that came out of that well? The typical answer is "not in my backyard" or nimby. We need more refineries to reduce the cost of fuel. Not to say that companies aren't taking advantage of the current situation.
Got that right. That is the other piece of info I got. I heard that the last oil refinery was built in 1978. Not 100% sure that is true, but I got it from a guy I know that is in the oil industry. He sells sea shell's buy the seashore:D

[hoolign]

Worked hard my azz:devil:
Put the cork on the fork Ruprict!
You obviously have no clue what someone in that position has to live up to.

[spectras only]

Hooli , the Iranian crisis is over , but pump prices are up to 1.18 a L around town .I want to buy a bigger boat , got any input on future prices ;) ?
Should I keep my boat with the small blocks :idea: :) ?

[4trax]

Put the cork on the fork Ruprict!
You obviously have no clue what someone in that position has to live up to.
Yea, I suppose trying to remember all the lies on hard they worked:D :D :D

[XtrmWakeborder]

I'll be the first to post on this. Fock these guys. When the HELL is it going to end?
When it runs out, and only then.:(

[talbert450r]

More power to these guys making that kind of money. If someone offered $400 Million in compensation no one in their right mind would say "no thanks, how about you just pay me $20 million".

[sdpm]

Just wait until I get my "GLOBAL AIR PURIFIER" up and working, everyone in the world will be paying to breath my "CLEANER" air.:D

[Phat Matt]

It's not like the guy took money from a failing company. It was stock options that he has held onto for years.
In the proxy, the company said that from December 1990 -- when Irani succeeded Armand Hammer as chief executive -- through 2005, the company's stock rose to about $40 a share from $9 and its total shareholder return was 699 percent.
"When you look at this, this is solid pay for performance," said Richard Kline, an Occidental spokesman. "It serves the best interest of the corporation and the best interest of the shareholder."