30 May 08 08:46, TOM WALKER wrote to ROY WITT:


 RW>> It seems that the talk-show hosts are up in arms about it. O'Reilly
 RW>> more than most, now calling a CEO or Prez of one oil company in
 RW>> particular a crook.

 TW> O'Reilly, as well as Rush, While on the right Track typically are big
 TW> Mouthed IDIOTS and don't really know what they are talking about.

On the contrary, they know quite a bit. Getting through the rhetoric is
the trick.

 TW> Only an Unknowing FOOL would gripe about a Many, Many Billion dollar
 TW> Corporation posting a multi billion "profit".

They weren't gripping about the profits, but the 'bonus' money paid to
somebody who doesn't do anything to produce the profits. i.e. a CEO is
overhead, propped up by real labor and production.

 TW> First it Takes Money to Make Money and the More you have the More upi
 TW> make.

Almost correct.

 TW> BUT even then that is a FALSE picture. Profits should be expressed in
 TW> Percent OF Investment. Exxon as an Example has an Unbelievable HUGE
 TW> investment in the Oil Inductry so of course the figures seem big or
 TW> unfair to the NIAVE.

When they talk of profits, their bottom line is reduced by writing off
certain of the investments and costs of doing business that the company
has made. The actual numbers would blow you away.

 TW> And if he happens to get a bonus of 12 Million or whatever, SO WHAT.

He has done nothing to earn that money.

 TW> It is a miniscule part of the overall picture.

An unusual amount of bloat, considering his salary.

 TW> And I assume you closed yuor Ears whne thety stated that their
 TW> "Profit on a Gallon of Gasoline has dropped form 10 Cents per
 TW> Galoloon to 4 Cents.

I don't believe everything I hear and only 1/2 of what I read. If it were
as simple as that, why is the government now investigating the oil
companies for price gouging?

                R\%/itt



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