The top 15 U.S. oil barons are paid 281% more than the avg. CEO compensation in comparably sized businesses.
$32.7 million per year on avg.
The top 15 pump profiteers are paid 518 times more than the average worker in the industry ( a desparity of 411 to 1)
The top 15 petro profiteers got an average raise of 50.2% of their 2004 pay packages. The annualized avg. hourly wage of production workers in the oil & gas industry increased by only 4.1% between '04 & '05 .
Top 3 highest paid oil cheiftains in 2005:
#1 William Greehey (valero)= $95.2 million
#2 Ray R. Irani (Occidential petroleum)= $84.0 million
#3 Lee Raymond ( ex CEO of Exxon Mobil)= $69.7 million
Construction laborers, the lowest paid workers in the petro industry, average $22,240 per year. It would take one of these workers 4,279 years to earn what CEO William Greehey of Valero earns in a year.
Average annual pay for :
Rotary drill operator =$43,450
Petro-chemical engineer =$107,990
www.faireconomy.com
2007-09-18
08:30:45
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SKYDOG
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