Oil Chief Executive Receives $8.57M In Compensation In 2007

Full story: NBC 10 Philadelphia

The chief executive of Sunoco Inc. received a 2007 compensation package worth $8.57 million, up 5 percent from the prior year, according to a federal filing on Monday.

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Chuck

Philadelphia, PA

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#1
Mar 18, 2008
 
4 bucks a gallon soon
Julie

Iselin, NJ

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#2
Mar 18, 2008
 
I am sure he earned every penny, oh, I mean every million, right?!? Amazing how the actual workers the company really depends on make so little....digusting.
DIANA B

United States

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#3
Mar 18, 2008
 
These gas/oil companies make me sick. $4.00/gal and more than 8M in salary and bonus. I wish I didn't need to drive my car and I wish the damn government would step and and put caps on them and take over. Something has to be done......Soon people will be working to put gas in the cars and food on their tables only.
Dorothy

United States

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#4
Mar 18, 2008
 
I don't understand how he can earn $8.57 million and yet they can't pass on any savings to the consumer.
Greed

Kutztown, PA

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#5
Mar 18, 2008
 
The rich get richer. They could care less about the rest of us.
choo choo

Quincy, MA

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#6
Mar 18, 2008
 
maybe we should stop buying sunoco gas and watch the robber
starve to death like we are
Fred

United States

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#7
Mar 18, 2008
 
If you made 8 million plus, would you really care about the average person???
Patty

United States

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#8
Mar 18, 2008
 
JUST DISGUSTING!!!!!!!! How do these people live with themsevles. I have a hard time paying just putting gas in my car to get to and from work and these executives are being paid MILLIONS and POSTING IT FOR ALL OF US TO SEE! Maybe they should decrease the pay and give back to the ones making them rich-US!!!!!!!!! Will be looking at $4.00/gal soon and keeping Mr.Drosdick and Co. in the lifestyle they have grown accustomed to.
Mee

Philadelphia, PA

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#9
Mar 18, 2008
 
Fred wrote:
If you made 8 million plus, would you really care about the average person???
Yes Fred, I would still care about the average person. See, I am an average person, so If I was forutnate enough to earn that salary, hit a lottery etc. and ended up with millinons, knowing what is is to WANT I would not forget about the average person......
e v p

Wilmington, DE

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#10
Mar 18, 2008
 
This country needs some leaders that are born again, God
fearing christians in office. Not religious people. Only then will this type of corruption stop.
Struggling in WC

United States

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#11
Mar 18, 2008
 
How can gas companies validate this type of pay when the rest us are struggling....and that's just to afford gas to go to work!!
Phyllis

United States

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#12
Mar 18, 2008
 
Why is this under the heading "weird News?" I thought this was just business as usual.
Ray

Horsham, PA

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#13
Mar 18, 2008
 
9 million loss in 4th quarter. 8.7 million comp package....hmmmm, doesn't take a finance major to figure that one out.
Carol Pollard

Philadelphia, PA

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#14
Mar 18, 2008
 
What is wrong with this country. We will pay astronomical prices for everything and do nothing to stop it. But let these high executives make these kind of salaries/bonuses. No wonder this country is in the poor house. We have higher ups gouging the american people. We need to do something. Even if we boycott something.
Hemi

Wilmington, DE

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#15
Mar 18, 2008
 
The average joe is always getting screwed.
Rosemary

Little Rock, AR

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#16
Mar 18, 2008
 
"have struggled to pass on the cost of its finished products, such as gasoline, to customers."
They must be struggling to figure out WHICH of the millions to pass down to the customers.
These people should be ashamed of themselves. I stopped purchasing Exxon and Mobile awhile ago - maybe Sunoco is next!
kamarie

Philadelphia, PA

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#17
Mar 18, 2008
 
Someone please explain to me how Bally's Fitness must comply with a law that regulates fair pricing at the gym BUT oil companies can run amock with blatant price gouging!! Oh, never mind...I forgot...the oil companies make contributions to our "public servants"...
Saveur

Baltimore, MD

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#18
Mar 18, 2008
 
Why complain? I see more and more SUV's and huge pickup trucks on the road everyday. I see folks running into convenience stores and leave their vehicles running for almost 5 minutes at a time. I see folks doing 80-90 mph along highways like its the normal driving speed. Folks DEMAND cars be able to do 100+mph and DEMAND they do 0-60 in 5 seconds or less AND still want the same car to get 40+ mpg. So stop whining and suck it up.
Non Given

Philadelphia, PA

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#19
Mar 18, 2008
 
This is a disgrace that any person should receive that much compensation when there are people in the USA that are starving and children who don't have health insurance. Of course we the consumers are paying his salary by supporting Sunoco. Everyone should boycot buying Sunoco products.
CAROL BOLSTER

Feasterville Trevose, PA

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#20
Mar 18, 2008
 
Perhaps the executives should consider a cut in salary and benefits as the average workers are doing.

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