They do not make them like that anymore.
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Lee Raymond certainly had bigger ba--s than Rex or Darren. They were almost as big as his cash-filled jowls. Having said that, all 3 CEO’s can be considered as progressive steps to a fully-woke and media friendly head of the corporation, after Larry Rawl basically told the TV news cameras that the Valdez oil spill wasn’t his problem.
Sorry Fklee-you are confusing Rex T with Lee Raymond. The oil sands of Canada and the disastrous Russian Kara Sea and tight liquids debacle was Rex's. Lee had more sense than that and he also fired people who did stupid things not promote them like Rex.
Are you talking about the Lee Raymond that got us into the Tar Sands debacle only because he needes to book reserves? And cost us a ton of money trying to get in bed with Russia? That guy?
Lee's got a good Wiki entry.
A real Dude.
Let's not fret about old Lee. He's ok.
Dumpster diving with Charlie Rose behind a Chik-Fil-A in Reno, last i heard.
Best oil exec who ever lived behind John R. Helped by commodity prices but didnt give a flip about external image. Slowly changed under Rex and then DWW blew it all up. Never should have gone public w the 2025 plans to 2x or 3x everything. It's a commodity business, not a start up. Run the company on costs and let the market determine ultimate fate. Don't claim "we are zigging while everyone else is zagging". Ridiculous how it's turned into a PR game now.
What I miss most about Lee is his leadership. I’m not sure that the almost militant stances he took on climate change and environmental issues would fly in today’s world, but all the employees would have clarity about the corporation’s strategy and plans-unlike today.
Secondly, Lee valued technical expertise and made his decisions based upon the data. He had an uncanny knack for finding the right deal at the right time, and there is no way he would have needed to buy back over $200B of company stock in order to cover up bad investment decisions (Kearl, XTO, etc).
In the ~15 years since he stepped down (remember the board asked him to stay on beyond mandatory retirement age), so many bad decisions have been made by Dallas management, that even Lee’s bravado in the face of unpopular positions would be welcomed now (by me anyway).
If memory serves, Lee stepped down owning about 3 million shares of XOM stock. I wonder how many he still has? Dividend income alone…
No I dont miss him. My parting words to him were see you next Tuesday.
Lee Raymond would be considered a dinosaur in the 21st Century.
https://en.wikipedia.org/wiki/Lee_Raymond
Raymond was one of the most outspoken executives in the United States against regulation to curtail global warming. In the 1990s, Raymond said the scientific evidence for climate change was “inconclusive” and that “the case for global warming is far from air tight.”
Lee Raymond was at the helm of Exxon while it remained one of the last large companies to omit g-y employees in its anti-discrimination policy. He was also at the helm during the takeover of Mobil, when the new Exxon-Mobil corporation rescinded Mobil's pre-existing anti-discrimination policy. HR policy was eventually updated in 2015 to include a prohibition on discrimination against g-y employees, but from 1999-2014 the board annually rejected a resolution brought by shareholders to compel the company to implement a non-discrimination policy.
I miss him. We used to not be ashamed to be an oil company. Now we are afraid to even use our product. Permian is making plans to rip out perfectly good natural gas compressors and replace them with electric run off of solar and wind power.
https://en.wikipedia.org/wiki/Lee_Raymond
he was a visionary
Lee who?
Don’t know lee, but I sure miss working for a smaller company. This place is insane with all the meetings to “talk”. When is the work supposed to be done and by who?