$30 B Down the Porcelain Throne

By: Steve Maley (Diary)  |  April 6th at 12:59 PM  | 

The other day, my boss made an interesting observation. Six months ago, ExxonMobil recorded annual net income of $40 billion. It was widely considered, even by some in these august pages, to be outrageous. Bear in mind, that profit was gained lawfully, and it was either be returned to shareholders (98.5% of which are you, me, and our retirement funds, and not XOM executives) as | Read More »