Oil Executives Get Raises While Consumers Struggle to Survive

From Business Week:

Oil executives’ pay is rising at the same time consumers are spending more on everything from gasoline to food, and movie tickets to airline fares. A new study has found that median compensation for the 12 CEOs at the largest U.S.-based oil companies, increased by more than four times the rate of that of executives in the Standard & Poor’s 500-stock index as a whole. Crude oil prices reached an all-time trading high of $139.89 in June, while gasoline prices set another all-time record of $4.08 per gallon. read more

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