http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BA02D6624%2DAD46%2D48BE%2DAE8B%2DEF8878351EA4%7D&dist=newsfinder&siteid=googleWASHINGTON (MarketWatch) -- Prompted by its Democratic members, the House Financial Services Committee will hold a hearing about executive compensation on May 25, the committee's top Democrat said Friday. Rep. Barney Frank, D-Mass., and other Democrats used congressional rules to force the hearing. Frank and others had requested a panel about executive pay at a prior committee hearing but the request was denied. The Securities and Exchange Commission has proposed requiring greater disclosure of CEO pay. Frank introduced a bill with similar aims last year.
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are they talking about Lee Raymond's $468 Million?? :eyes:
$144,573 a day for Lee Raymond, CEO of ExxonOne man who’s not worried about retirement is Lee R. Raymond. Lee R. is the CEO of Exxon and a man who, according to the New York Times, has a compensation package that works out to $144,573 a day. That’s a lot of money for someone who has never slam dunked a basketball or shared a scene with Angelina Jolie. Instead, Lee R. ran a company that sold gas and oil to, well, everyone.
Still, retirement is not a sure thing, even for rich people. Usually. But Lee R. has a surer thing than most rich people because Exxon shareholders granted him a generous pension. Still, pension plans are rife with uncertainty, so even pension promises to a CEO are not a sure thing. Unless you are Lee R. That’s because he has already received his pension plan in the form of the lump sum of $98.4 million. This has greatly reduced the uncertainty surrounding Lee R.’s retirement, even though he is still working. Of course, very few things in life are completely, 100% certain, particularly when it comes to financial planning. For example, Exxon could very well decide to give him more money.