ExxonMobil CEO defends profits

[75th]

http://abcnews.go.com/Business/story?id=5574568&page=1

Good video and article.

Retards will probably continue with their bumper sticker slogans, however, and demand that these folks be penalized for the marginal success that they are having these days.

 

[75th]

"I saw someone characterize our profits the other day in terms of $1,400 in profit per second. Well, they also need to understand we paid $4,000 a second in taxes, and we spent $15,000 a second in cost," Tillerson told ABC News' Charles Gibson. "We spend $1 billion a day just running our business."

Yup.

 

[chris302001]

http://abcnews.go.com/Business/story?id=5574568&page=1

Good video and article.

Retards will probably continue with their bumper sticker slogans, however, and demand that these folks be penalized for the marginal success that they are having these days.

I think this thread and your whitey becoming a minority should go together......

I mean, by the time we're minorities, I'm sure there will be a fund from the evil oil companies like the tobacco lawsuits, and then they can give us our reparations from that.......

 

[javaguru]

I didn't watch the vid but...OMFG, I sell a widget for 4% profit when it's $25.00 and sell it for a 3% profit when it's $150.00 and it makes me evil?Just sayin'

 

[chris302001]

I didn't watch the vid but...OMFG, I sell a widget for 4% profit when it's $25.00 and sell it for a 3% profit when it's $150.00 and it makes me evil?Just sayin'

go to hell you evil son of a bitch


























(no, I love you )

 

[Razorguns]

Well since the Govt is all over their books and files and eveyrthing - it's the least they can get.

They could easily be like other big industries that record 'huge' losses year after year - just to get out of paying taxes.

Yes Virginia, private companies that are forced to, or stupid enough, to glamorize huge profits also pay HUGE TAXES on it. Think about it.

r

 

[-SD-]

Yup.

doesnt matter, oil companies who drive our economy and create thousands of jobs are bad, poor people who dont pay taxes are good. republicans are bad, obama is good. it is the only way.

 

[javaguru]

doesnt matter, oil companies who drive our economy and create thousands of jobs are bad, poor people who dont pay taxes are good. republicans are bad, obama is good. it is the only way.

That's the change you're supposed to believe in...for the life of me I don't understand my McCain doesn't bring some economists into his TV ads and accentuate Obama's Marxist vision and tax policy as well as their predictions on the ramifications.

 

[EnderJE]

That's the change you're supposed to believe in...for the life of me I don't understand my McCain doesn't bring some economists into his TV ads and accentuate Obama's Marxist vision and tax policy as well as their predictions on the ramifications.

True, but then Obama could do the same and also bring in some poor people onto his advertisements. Then McCain would be fucked for the election.

 

[javaguru]

True, but then Obama could do the same and also bring in some poor people onto his advertisements. Then McCain would be fucked for the election.

Please, America was built by crushing the poor for the free market and most Americans can't identify with the poor...the poorest American has a better life than 99% of the world's population. Every time there is a call for reparations I'm fine with it, I'm for buying them a one way ticket back to Africa. Where would they rather live? Just sayin'.

 

[EnderJE]

Please, America was built by crushing the poor for the free market and most Americans can't identify with the poor...the poorest American has a better life than 99% of the world's population. Every time there is a call for reparations I'm fine with it, I'm for buying them a one way ticket back to Africa. Where would they rather live? Just sayin'.

Most Americans that I've talked with (albeit not a great sample size <50 and >100) don't have that perspective and can identify with the poor because they're scared of becoming them.

Although poor people's lives are better then most outside of North America, they don't see outside North America. They only see what is around them and around them where they are the lowest and the neediest.

I'm not sure what the Africa comment has to do with anything.

 

[javaguru]

Most Americans that I've talked with (albeit not a great sample size <50 and >100) don't have that perspective and can identify with the poor because they're scared of becoming them.

Although poor people's lives are better then most outside of North America, they don't see outside North America. They only see what is around them and around them where they are the lowest and the neediest.

I'm not sure what the Africa comment has to do with anything.

The Africa comment is relevant because minorities are always calling the US racist but they sure as hell don't want to go back to their homeland where there is no discrimination. IMO, it boils down to lazy people, of all nationalities, that don't want to accept personal responsibility.

 

[EnderJE]

The Africa comment is relevant because minorities are always calling the US racist but they sure as hell don't want to go back to their homeland where there is no discrimination. IMO, it boils down to lazy people, of all nationalities, that don't want to accept personal responsibility.

Okay, I didn't realize that all minorities come from Africa.

Are you saying that all poor people are lazy? Have you spent any time with them to understand why they are lazy or why they're in that predicament?

 

[javaguru]

Okay, I didn't realize that all minorities come from Africa.

Are you saying that all poor people are lazy? Have you spent any time with them to understand why they are lazy or why they're in that predicament?

I grew up lower middle class thanks to father's intelligence and industrious spirit, otherwise we would have been poor as dirt. Most poor people in the US are white...just sayin' and yes, most poor people are poor because they didn't apply themselves properly. I graduated from a high school that had the lowest per capita funding in Ohio and I not only graduated from college and law school but I'm working on my next advanced degree. Most poor people are poor for a reason....

 

[mrplunkey]

Exactly when did making a profit become a bad thing?

Know who's got some explaining to do? That fucker Michael Phelps. We need to haul his ass to capital hill and make him explain his extraordinary number of medals. That son of a bitch needs a windfall tax whereby we confiscate at least half of his medals and give them to people who didn't even make it to the finals in swimming.

 

[Megalomaniac]

Exactly when did making a profit become a bad thing?

Know who's got some explaining to do? That fucker Michael Phelps. We need to haul his ass to capital hill and make him explain his extraordinary number of medals. That son of a bitch needs a windfall tax whereby we confiscate at least half of his medals and give them to people who didn't even make it to the finals in swimming.

I agree

I understand businesses have some responsibility to society( like tobacco companies preying on uneducated ) but I hate it when profits mean you are screwing society.
Like Exxon is to blame for assholes driving huge SUV's or Trucks to the corner grocery for a soda. For that matter gas could be 30 bucks a gallon and I wouldn't be mad at them. If you don't like oil companies profits then ride a damn bike, I do.

 

[Lestat]

Is there anything wrong with companies making profit? hell no. When that happens, who benefits? Shareholders, who can be anyone (with money already of course).

But as a society we never allow the common man to get cheated. We've shut down scam artists, snake oil salesmen, run them out of town. ExxonMobil is doing what they do legit and legally, but their profits are so high its costing people backlash. People hate that gas prices are impacting their quality of life, while others are making larger than ever profits from what they see as their personal pain and sacrifice.

 

[75th]

Is there anything wrong with companies making profit? hell no. When that happens, who benefits? Shareholders, who can be anyone (with money already of course).

But as a society we never allow the common man to get cheated. We've shut down scam artists, snake oil salesmen, run them out of town. ExxonMobil is doing what they do legit and legally, but their profits are so high its costing people backlash. People hate that gas prices are impacting their quality of life, while others are making larger than ever profits from what they see as their personal pain and sacrifice.

Not their problem.

 

[EnderJE]

I grew up lower middle class thanks to father's intelligence and industrious spirit, otherwise we would have been poor as dirt. Most poor people in the US are white...just sayin' and yes, most poor people are poor because they didn't apply themselves properly. I graduated from a high school that had the lowest per capita funding in Ohio and I not only graduated from college and law school but I'm working on my next advanced degree. Most poor people are poor for a reason....

So, now I understand why you're bitter.

My experience is different then yours. Most (but not all) of the poor that I've dealt with were either dealt a harder set of cards then you and had some other items to deal with (mental retardation, raped by father, no education in the third world, etc). Sure, there are people who continued to thrive despite these additional factors, but others don't. Given the rates that I've seen, I see those now as the exception rather then the rule.

I can understand if you were lower middle class and had a sense that all welfare mothers are sluts who are cheating the system. But you and I both know that isn't quite true and there are no absolutes.

That's just like saying that all rich people are taking advantage of the system.

All that said, I do know of some welfare sluts who are cheating the system; but again, I find them to be the exception rather then the rule.

 

[EnderJE]

Not their problem.

It is.

For some reason, the CEO felt the need to defend their profits. If he didn't feel the need, then it truly wouldn't be their problem.

 

[75th]

It is.

For some reason, the CEO felt the need to defend their profits. If he didn't feel the need, then it truly wouldn't be their problem.

If both BS candidates for leader of the country were talking about penalizing me for the money I make, Id go on TV to defend my case also.

 

[EnderJE]

If both BS candidates for leader of the country were talking about penalizing me for the money I make, Id go on TV to defend my case also.

Hence, it is their problem.

Now, if we said 'Should it be their problem?' we would have a different answer.

Personally, I'm surprised that they just don't quietly sick more lobbyists against both parties.

 

[milo hobgoblin]

You must spread some Karma around before giving it to 75th again.

 

[Lestat]

most poor people are poor because they didn't apply themselves properly?

That's the biggest bunch of bullshit I've heard in a really long time.

Some of the hardest workers I know are also some of the poorest.

The biggest determinant of your ultimate socio economic status is not how well you applied yourself, but instead the income and education level of your parents. To convince yourself of anything otherwise is delusional.

 

[jnevin]

To convince yourself that the hardest workers in the world are poor is really delusional.

 

[Lestat]

To convince yourself that the hardest workers in the world are poor is really delusional.

Not all, but many. At least in California.

Here is where I draw this conclusion from.

I make really good money, at least I think so, and my job is easy! Air conditioned office, flexible hours, it can be mentally taxing at times, but generally its pretty smooth sailing.

Constrast that with the people here in California picking lettuce, strawberries, and tomatoes. Day in and day out that work is physically demanding, boring as hell (which takes a huge mental toll) and they get paid about 10% of what I do!

Then look at the senior management of my company, some of these guys take in TENS OF MILLIONS per year, is their job that hard? Not at all. They are generally smart, assertive people that make consistently good (and profitable) decisions. They are highly educated in most cases, have a certain charisma and presence that lends themselves to leadership roles.

maybe I am the exception, but I'll admit it, I don't work even half as hard as someone who washes cars or picks produce for a living. If someone offered me a raise to take one of those jobs I'd decline in a heartbeat!

 

[jnevin]

Not all, but many. At least in California.

Here is where I draw this conclusion from.

I make really good money, at least I think so, and my job is easy! Air conditioned office, flexible hours, it can be mentally taxing at times, but generally its pretty smooth sailing.

Constrast that with the people here in California picking lettuce, strawberries, and tomatoes. Day in and day out that work is physically demanding, boring as hell (which takes a huge mental toll) and they get paid about 10% of what I do!

Then look at the senior management of my company, some of these guys take in TENS OF MILLIONS per year, is their job that hard? Not at all. They are generally smart, assertive people that make consistently good (and profitable) decisions. They are highly educated in most cases, have a certain charisma and presence that lends themselves to leadership roles.

maybe I am the exception, but I'll admit it, I don't work even half as hard as someone who washes cars or picks produce for a living. If someone offered me a raise to take one of those jobs I'd decline in a heartbeat!

Just because physical labor is involved doesn't make a job hard. When I first moved out here I delivered beer and bartended at a club. Both were physically demanding, but were very easy in the sense that I really had no responsibility and the tasks were easy (Aside from the keg drops at the Canyons resort. 59 stairs and 10 kegs at 6,000 ft.). If I could go back and do something like that and make the same money I have been, I'd consider it. It would take less of a toll than my current job stresswise.

 

[EnderJE]

Hey, hey, hey!

We all know that all poor people deserve it because they're lazy fucks and should be murdered.

We also know that all rich people are scheming fucks that should be murdered for taking unfair advantages.

It so simplistic.

On a more serious note, it's always amazing how much 'each side' sound like each other.

 

[mrplunkey]

most poor people are poor because they didn't apply themselves properly?

That's the biggest bunch of bullshit I've heard in a really long time.

Some of the hardest workers I know are also some of the poorest.

The biggest determinant of your ultimate socio economic status is not how well you applied yourself, but instead the income and education level of your parents. To convince yourself of anything otherwise is delusional.

I believe in America, its far more complex then your parents' income and eductation. But for a moment let's take your assertion at face value. We do know what one dominant factor in determining a person's risk of dropping-out or missing school. Let's start by completely abolishing that factor first.

 

[Lestat]

I believe in America, its far more complex then your parents' income and eductation. But for a moment let's take your assertion at face value. We do know what one dominant factor in determining a person's risk of dropping-out or missing school. Let's start by completely abolishing that factor first.

I agree with you bro, most people who do not attend of finish school cite family responsibilities or money issues. many people are forced to work to support their family or have to stay home from school to take care of children.

I am all for taking those factors out of the equation but its very difficult to do so.

 

[Lestat]

I believe in America, its far more complex then your parents' income and eductation. But for a moment let's take your assertion at face value. We do know what one dominant factor in determining a person's risk of dropping-out or missing school. Let's start by completely abolishing that factor first.

Oh I just realized you probably meant alcohol use right? Since I am willing to bet that 99% of school dropouts have used alcohol. I believe that to be a false causation/correlation.

Sort of like the example that towns with larger number of churches also have larger number of bars, so they must somehow be related. They are not. The correlation for both is population size.

 

[-SD-]

I just rant the numbers and if exxon gave every single dollar of their profits to every single american, each person would get $3.60.

Let them keep their fucking profits.

 

[dabuffguy]

"I saw someone characterize our profits the other day in terms of $1,400 in profit per second. Well, they also need to understand we paid $4,000 a second in taxes, and we spent $15,000 a second in cost," Tillerson told ABC News' Charles Gibson. "We spend $1 billion a day just running our business."

I hate our government. mmmkay?

 

[mrplunkey]

Oh I just realized you probably meant alcohol use right? Since I am willing to bet that 99% of school dropouts have used alcohol. I believe that to be a false causation/correlation.

Yeah, "I am willing to bet" and "I believe" stuff too, but that doesn't make them fact. I know some people who are so silly that "they bet" some supreme being created the world in six days and "they believe" he rested on the seventh. As many lessons as we've been given in good science here on this board, you'd think we'd be past things like that this.

Find a credible study that looked at the relationship between alcohol consumption and missing or dropping-out of school.

Then let the study show where alcohol is the dominant factor in determining missing or dropping-out of school.

Then show that the amount of alcohol used proportionately increased their chances of missing or dropping-out of school.

Sort of like the example that towns with larger number of churches also have larger number of bars, so they must somehow be related. They are not. The correlation for both is population size.

You know, "I bet" NIH scientests are pretty good at understanding spurious relationships and "I believe" that's now taught at the high-school / undergraduate level.

 

[EnderJE]

Yeah, "I am willing to bet" and "I believe" stuff too, but that doesn't make them fact. I know some people who are so silly that "they bet" some supreme being created the world in six days and "they believe" he rested on the seventh. As many lessons as we've been given in good science here on this board, you'd think we'd be past things like that this.

Find a credible study that looked at the relationship between alcohol consumption and missing or dropping-out of school.

Then let the study show where alcohol is the dominant factor in determining missing or dropping-out of school.

Then show that the amount of alcohol used proportionately increased their chances of missing or dropping-out of school.



You know, "I bet" NIH scientests are pretty good at understanding spurious relationships and "I believe" that's now taught at the high-school / undergraduate level.

Wait, so you're saying that alcohol is one of the causes for dropouts?

 

[Razorguns]

Not all, but many. At least in California.

Here is where I draw this conclusion from.

I make really good money, at least I think so, and my job is easy! Air conditioned office, flexible hours, it can be mentally taxing at times, but generally its pretty smooth sailing.

Constrast that with the people here in California picking lettuce, strawberries, and tomatoes. Day in and day out that work is physically demanding, boring as hell (which takes a huge mental toll) and they get paid about 10% of what I do!

Then look at the senior management of my company, some of these guys take in TENS OF MILLIONS per year, is their job that hard? Not at all. They are generally smart, assertive people that make consistently good (and profitable) decisions. They are highly educated in most cases, have a certain charisma and presence that lends themselves to leadership roles.

maybe I am the exception, but I'll admit it, I don't work even half as hard as someone who washes cars or picks produce for a living. If someone offered me a raise to take one of those jobs I'd decline in a heartbeat!

you twerp.

the REASON you make big bucks in that comfy office doing dick all but surf ef all day - is because you busted your ass in college to LEARN MARKETABLE SKILLS which you make money off now.

The rest of the 'hard workers' didn't. And thus there salary reflects that. Remember the phrase 'work SMART not hard'? Did you pay attentoin in class?

lol @ corporate america is now racist. Govt is racist. Corporations are racist. Anybody else now who isn't claimed to be racist?

I guess Walmart shoudl pay it's workers $35/hr because hey 'they work hard'.

Have fun with your $85 t-shirt.

r

 

[needtogetarmy]

I want to get a baseball bat, dose someone in oil, and then beat them and set them on fire.

Anyone want to join me?

 

[javaguru]

I just rant the numbers and if exxon gave every single dollar of their profits to every single american, each person would get $3.60.

Let them keep their fucking profits.

I bet the stockholders, average Americans, concur.

 

[mrplunkey]

Wait, so you're saying that alcohol is one of the causes for dropouts?

I've never seen a study that says it does. I have, however, cited an NIH-funded study that shows pot use increases a person's chances of dropping out of school and/or missing school. The use of pot was shown to be a dominant factor in the study and its response was graded -- so the more they smoked, the greater the chances they would drop-out or miss school.

In scientific studies, when you find a dominant factor that demonstrates a graded response, its pretty much game over -- you've found your culprit.

I just enjoy the fact that citing education and educational opportunities is a liberal favorite for justifying wealth distribution. But then those same liberals won't stamp-out a dominant factor in limiting someone's educational progress. They basically say: "We're all about redistributing other people's money to the downtrodden, but if you ask us to put down the blunt we'll go into deep denial over its role in making those people downtrodden in the first place."

 

[-SD-]

I bet the stockholders, average Americans, concur.

[WillFerrellOldSchool] But it feels so good!, when the taxes hit your lips its so good! [/WillFerrellOldSchool]

 

[75th]

Not all, but many. At least in California.

Here is where I draw this conclusion from.

I make really good money, at least I think so, and my job is easy! Air conditioned office, flexible hours, it can be mentally taxing at times, but generally its pretty smooth sailing.

Constrast that with the people here in California picking lettuce, strawberries, and tomatoes. Day in and day out that work is physically demanding, boring as hell (which takes a huge mental toll) and they get paid about 10% of what I do!

Then look at the senior management of my company, some of these guys take in TENS OF MILLIONS per year, is their job that hard? Not at all. They are generally smart, assertive people that make consistently good (and profitable) decisions. They are highly educated in most cases, have a certain charisma and presence that lends themselves to leadership roles.

maybe I am the exception, but I'll admit it, I don't work even half as hard as someone who washes cars or picks produce for a living. If someone offered me a raise to take one of those jobs I'd decline in a heartbeat!

Karl Marx couldnt have said it better.

 

[mrplunkey]

Karl Marx couldnt have said it better.

It couldn't have anything to do with the supply and demand for the various categories of labor, could it?

 

[EnderJE]

I bet the stockholders, average Americans, concur.

Somehow I don't see the 'average' Americans saying that. However, I do see their stockholders saying that.

I guess it depends on your version of 'average'.

 

[EnderJE]

I've never seen a study that says it does. I have, however, cited an NIH-funded study that shows pot use increases a person's chances of dropping out of school and/or missing school. The use of pot was shown to be a dominant factor in the study and its response was graded -- so the more they smoked, the greater the chances they would drop-out or miss school.

In scientific studies, when you find a dominant factor that demonstrates a graded response, its pretty much game over -- you've found your culprit.

I just enjoy the fact that citing education and educational opportunities is a liberal favorite for justifying wealth distribution. But then those same liberals won't stamp-out a dominant factor in limiting someone's educational progress. They basically say: "We're all about redistributing other people's money to the downtrodden, but if you ask us to put down the blunt we'll go into deep denial over its role in making those people downtrodden in the first place."

I figured that pot use / alcohol was a given to degrade student's performance.

 

[javaguru]

Somehow I don't see the 'average' Americans saying that. However, I do see their stockholders saying that.

I guess it depends on your version of 'average'.

I have a 401K that owns stock in oil companies, just like your average American's pension fund or 401k....The "average American" doesn't understand economics.