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Oil Watchdog | Tag Archive | ceo compensation

Tag Archive | "ceo compensation"

Copy-Machine Oil Hearings

Thursday, May 22, 2008

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Copy-Machine Oil Hearings

5-22-08 by dugan     Watching the same pack of oil executives troop to the House of Representatives today and the Senate yesterday was mostly a deja vu experience. The execs’ canned testimony was from the same outline they used earlier this year and in 2005 and 2006 hearings–high prices aren’t our fault; everything will […]

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Brits' Cold Shoulder to Exxon

Monday, May 19, 2008

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Brits' Cold Shoulder to Exxon

8-19-08 by dugan The shareholder revolt against Exxon is going global. Four big institutional investors in Britain have joined a shareholder resolution demanding that Exxon have an independent chairman of the board, and the new support should bring the chance of passage to about 50-50. Currently, the chairman title is just another perk for CEO […]

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Happy, Happy Days for Oil

Friday, April 11, 2008

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Happy, Happy Days for Oil

4-11-08 by dugan     Maybe you can only afford to fill your gas tank halfway these days, but I’m sure Big Oil is thanking you. A Bloomberg survey of the profit landscape looks like an economic refugee zone, until the very end: "Energy companies led the quarter’s winners… Earnings of the group probably rose […]

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Chevron's Water Fight

Tuesday, March 4, 2008

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Chevron's Water Fight

3-04-08 by simpson A California Public Utilities Commission staff report recommends a whopping 89.7 percent rate increase for a Chevron-owned water company serving the tiny hamlet of Casmalia.  Not as outrageous as the 138 percent increase the company asked for, it still threatens the town’s existence. The PUC proposed hike would mean an average $217 […]

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All Hail Exxon

Thursday, February 14, 2008

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All Hail Exxon

2-14-08 by dugan (and thanks to Mark Reback for the tip)     I can’t believe Investors Business Daily would do so little checking of an editorial on Tuesday slamming the critics of ExxonMobil, from Sen. Carl Levin to our small foundation. As a former editorial writer, I’m reluctant to call attention to such a […]

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Chevron's Titan-ic Bungle

Monday, October 15, 2007

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Chevron's Titan-ic Bungle

10-15-07 by dugan   "It’s not what you say but what you do that matters." Oops, Chevron must not have heard its mother say that. Check out this savage AdWeek column by Joan Voight on the reception that Chevron’s new multimillion-dollar ad campaign has gotten (including from OilWatchdog), and why the critics are right. The […]

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BP Launches Alaskan PR Blitz

Tuesday, July 10, 2007

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BP Launches Alaskan PR Blitz

07-10-07 by Simpson Oil Giant BP is fighting back from its damaged image in Alaska last year resulting from a major oil spill caused by a lack of proper maintenance.  The massive statewide PR campaign is outlined by staff writer Wesley Loy in the Anchorage Daily News. Although the firm won’t say how much it’s […]

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Let This Be A Lesson

Friday, May 4, 2007

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Let This Be A Lesson

By Simpson 05-04-07 Lord John Browne, widely perceived as a business titan, crashed and burned this week resigning as BP chief executive amidst messy, tabloid headlines exposing his gay lifestyle.  But as Businessweek columnist Jeffrey Sonnenfeld correctly notes, his personal life was not really the issue.  Browne’s problem was that he flouted his widely proclaimed […]

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BP Chief Quits; Admits Lies

Tuesday, May 1, 2007

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BP Chief Quits; Admits Lies

By Simpson5-01-07 Lord John Browne, the once high-flying executive who seemingly could do no wrong, resigned abruptly after admitting he lied to a court about how he had met his former gay companion. Browne had been fighting publication of an article about him in London’s  Mail  on Sunday newspaper. His departure could cost him $30 […]

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Humbled? Don't take the money

Thursday, April 12, 2007

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Humbled? Don't take the money

By Simpson4-12-2007 It’s not just consumers who are outraged by Big Oil CEO compensation. Disgruntled BP shareholders said a planned payment of an estimated £72 million — $124.5 million — to outgoing chief executive John Browne is unjustified. One called it "vulgar." Peter Sutherland,  BP’s "nonexecutive" chairman of the board, told the annualmeeting that the […]

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