Monday, June 2, 2008

Oil Company CEOs hit hard by the economy

Yeah, they are hit hard by the amount of money they are hauling home. They need to design a bigger Hummer with a trailer to fit all their cash.

The five year salaries of the top 30 Oil Executives totals $2,250 million. That is more than 20,000 average American citizens.

You think that might be criminal in the face of the job and economic situation we are in?

Wait. There is more.

The oil stock these 30 dudes (Yes, they are all dudes. I checked.) is worth $5,737 million (I could write it in billions, but it loses the drama).

Let's do some Cannibal Planet math. If we waved the magic wand of nationalizing oil wealth of only these 30 guys, we could do an Oprah, but with solar panels. Remember, this is just the oil stock holdings of 30 guys. Not their 3-5 houses, their money market portfolios, hedge funds, other real estate holdings, nor their pure bred Arabian Horses. Just the oil stock turned over to all Americans.

With that money, my buddy Tom could put enough panels on roofs to power 230,000 households.

Talk about a quick road to energy independence!

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