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Wanna know where oil profits are going?

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Wanna know where oil profits are going?

Postby Charles » Mon May 21, 2012 1:04 am

No surprise. This is where all that money we're paying at the pump is ending up...


Options bonanza for departing CEO

Featured: James Mulva, CEO, ConocoPhillips

Originally published: May 18, 2012

In the highflying world of CEO pay, it's tough to stay on top for long.

Last week, when we named Herbalife (HLF) CEO Michael Johnson our "One Percenter of the Week," his paycheck was by far the highest reported for a CEO in 2011, at a cool $89.4 million.

But new CEO pay numbers roll in fast this time of year, and there's a new leader.

That would be former ConocoPhillips (COP) CEO James Mulva, who got an astonishing $154.7 million last year. And yes, a lot of that came from 99 Percenters shelling out more at the pump last year.

Mulva earned most of his pay by exercising a ton of stock options in 2011. ConocoPhillips stock soared along with oil and gasoline prices that year, and all three have remained relatively high since. The result: big gains on Mulva's options.


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Re: Wanna know where oil profits are going?

Postby skynet » Mon May 21, 2012 8:26 am

So whenever we are driving or pumping gas we have to remember that we are all SLAVES for these super fat oil/gas cats.

We'll probably never get out of this slavery to nonrenewable depleting toxic energy, at least until the demand disappears but that wont happen until we can start using all the clean free energy systems that are kept away from us.
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