“And, we keep hearing how companies, such as Chevron are ‘beholden’ to the ‘stockholder’. But when you have a CEO that – alone - holds somewhere around 500,000 shares isn’t he the most important ‘shareholder’?”
Before Waterbelly could pry apart his now ferociously parched lips, another reporter asked:
“So, what you’re no doubt going to say is that somehow, this David J. O’Reilly, Chevron’s CEO, somehow, in some mysterious way, works so hard that he deserves to be paid over 400 times more than Chevron’s station managers, the men and women that daily captain Chevron’s fleet of retail stores, where, let’s face it, Chevron made that stunning 49% profit increase this last quarter? That somehow he works so hard he deserves to be paid an hourly wage of $6,971 while his average worker at these stores makes $8 per hour at best?”
At this point, Waterbelly fainted. He was replaced immediately by Chevron’s new spokesman, Marvin A. Grodomier, who ignored these questions and began reading from a prepared statement: “Chevron owes its shareholders…”
Article comments
1 - marlowesbeef
The sad truth is - the above is mostly true. Chevron posts $4 billion in profit yet CUTS manager's bonus across the U.S.
P. Marlowe
2 - Victor Plenty
FLASH UPDATE (from a leaked memo):
3 - marlowesbeef
Ah... A fellow travler! Wait! What's that you're reading?! The READER'S DIGEST?
P. Marlowe