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Secretary of State Colin Powell was on the corporate board of America Online, now merged with Time-Warner, which owns CNN. A member of AOL/Time-Warner's board of directors, Carla Hills, also sits on the board of directors of Chevron. She was the first President Bush's trade representative. On the board of directors of Exxon-Mobil sits J. Richard Munro, former chairman and CEO of Time-Warner. Secretary of Defense Donald Rumsfeld was on the board of the Tribune Company, owner of the Chicago Tribune, the Los Angeles Times, Newsday, and many other newspapers as well as TV stations.

1% demand in oil cause 30% profit for Exxon = $$$ for CNN

2006-07-19 08:28:05 · 2 answers · asked by too K 2 in Politics & Government Politics

2 answers

Something that will be at least mentioned to you in Economics 101, and in your first day on any sales job, is that it is not immoral to make a profit. Exxon-Mobil and all of the other oil companies have sunk plenty of money in dry wells and made very ordinary money, or lost some, over a lot of years. Anyone who really believes that XOM and other oil producers, refiners, and service companies are making obscene profits is welcome to buy their securities. Whats wrong, no guts?

2006-07-19 08:57:12 · answer #1 · answered by senior citizen 5 · 0 0

they should, we know fox news wont.

2006-07-19 08:38:50 · answer #2 · answered by david c 4 · 0 0

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