Thursday, June 01, 2006

SHAREHOLDER DEFIANCE -- "Exxon officials said they believed it was the first time in the company's history that a resolution had been adopted over the objections of the company, and it was seen as a sign of anger over the board's decision to award outgoing chief executive Lee Raymond a final-year pay package of $69.4 million and a retirement lump sum of $98.4 million."

Although, at least the board showed up. Compare the Home Depot annual meeting.