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Encyclopedia > Lee Raymond

Lee R. Raymond (born August 13, 1938) was the Chief Executive Officer and Chairman of ExxonMobil from 1999 to 2005. He had previously been the CEO of Exxon since 1993. He joined the company in 1963 and has been president since 1987 and a director since 1984. August 13 is the 225th day of the year in the Gregorian Calendar (226th in leap years), with 140 days remaining. ... Year 1938 (MCMXXXVIII) was a common year starting on Saturday (link will take you to calendar). ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... For other uses of chair, see chair (disambiguation). ... XOM, this companys ticker symbol, redirects here. ... Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), headquartered in Irving, Texas, is an oil producer and distributor formed on November 30, 1999, by the merger of Exxon and Mobil. ...


In 1989, Raymond's tenure as President of Exxon saw the Exxon Valdez disaster which spilled an estimated 30 million gallons of crude oil off the Alaskan coast and killed thousands of wildlife animals and fish. 1989 (MCMLXXXIX) was a common year starting on Sunday of the Gregorian calendar. ... This article is about the tank vessel Exxon Valdez. ... Pumpjack pumping an oil well near Sarnia, Ontario Petroleum (from Greek petra – rock and elaion – oil or Latin oleum – oil ) or crude oil is a thick, dark brown or greenish liquid. ...


On August 4, 2005, Raymond announced that he would retire at the end of 2005 as ExxonMobil's Chairman and CEO. ExxonMobil president Rex W. Tillerson succeeded Raymond on 1 January 2006. On April 14, 2006, it was reported that Raymond's retirement package was worth about $400 million, the largest in history for a U.S. public company. However, the majority of that sum consisted of retirement-independent salary, bonuses, stock options, and restricted stock awards from his final year and prior years that, while high, are by no means unprecedented among major American CEOs. Retirement-specific payments in accordance with the standard pension plan provided to all ExxonMobil employees totaled around $100 million, calculated based on his over forty years of service and his salary upon retirement. August 4 is the 216th day of the year in the Gregorian Calendar (217th in leap years), with 149 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Rex W. Tillerson (born March 23, 1952) is the Chairman and Chief Executive Officer (CEO) of Exxon Mobil Corporation, as of January 1, 2006. ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... April 14 is the 104th day of the year (105 in leap years) in the Gregorian calendar, with 261 days remaining. ... 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


Lee Raymond is the vice chair of American Enterprise Institute's board of trustees. The American Enterprise Institute for Public Policy Research is a conservative think tank founded in 1943 whose stated mission is to support the foundations of freedom - limited government, private enterprise, vital cultural and political institutions, and a strong foreign policy and national defense. ...


His son, John T. Raymond, is active in the oil and gas industry. Partnered with Jim Flores and Paul Allen backed Vulcan Capital in the buyout of Plains Resources.


Raymond was appointed to Chair a committee to lead America's Alternative Energy Future by President Bush in fall 2006.[1]


Education

  • Raymond Lees, Bachelor's degree in slacker economics, University of Wisconsin-Madison, 1960.
  • Raymond earned his Ph.D. in Chemical Engineering from the University of Minnesota. He was awarded an honorary doctorate of laws degree from the same university in 2001.
  • Met his wife while studying at the University of Wisconsin-Madison; she was pursuing, and later earned, a degree in journalism.

ExxonMobil, under Lee Raymond, has paid $300,000 in damages to Alaskan citizens affected by the Exxon Valdez oil spill. Exxon is currently appealing a $4 billion punitive damages court ordered payment to Alaskan fishermen. http://www.exxposeexxon.com/facts/brokenpromises.html The University of Wisconsin–Madison is a public research university located in Madison, Wisconsin. ... Washington Avenue Bridge at night The University of Minnesota, Twin Cities, almost always abbreviated U of M, and sometimes referred to as The U by locals, is the oldest and largest part of the University of Minnesota system. ... The University of Wisconsin–Madison is a public research university located in Madison, Wisconsin. ...


External links

Articles by Lee Raymond

Other

Preceded by
position created
CEO of ExxonMobil
November 30, 1999December 31, 2005
Succeeded by
Rex Tillerson
Preceded by
Lawrence G. Rawl
CEO of Exxon
1993November 30, 1999
Succeeded by
Continued as head of ExxonMobil

  Results from FactBites:
 
Lee R. Raymond 1938— - RELUCTANT PUBLIC FIGURE REVEALS LITTLE, EXXON'S RISING STAR, APPOINTED CEO (3044 words)
Raymond was noted for his penchant personally to have a hand in all sorts of deals within the company, becoming characterized as a micromanager.
Raymond often defended the environmental and human rights record of Exxon against protesters who said that the oil giant did not use accurate research or treat all of its employees across the globe fairly.
Raymond told shareholders that the company was committed to work with the new technologies in an effort to remain competitive within the oil industry.
Lee Raymond: Information from Answers.com (3571 words)
Lee later became a noted film historian who wrote a column of "movie memories" for the San Fernando Valley Times, in addition to penning such books as Not So Dumb: Animals in the Movies and The Films of Mary Pickford.
Lee R. Raymond (born August 13, 1938) was the Chief Executive Officer and Chairman of ExxonMobil from 1999 to 2005.
In 1989, as President of Exxon, Raymond oversaw the Exxon Valdez disaster which spilled an estimated 30 million gallons of crude oil off the Alaskan coast and killed thousands of wildlife animals and fish.
  More results at FactBites »


 

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