Paul Krugman: Enemy of the Planet

The New York Times

Lee Raymond, the former chief executive of Exxon Mobil, was paid $686 million over 13 years. But that’s not a reason to single him out for special excoriation. Executive compensation is out of control in corporate America as a whole, and unlike other grossly overpaid business leaders, Mr. Raymond can at least claim to have made money for his stockholders.

There’s a better reason to excoriate Mr. Raymond: for the sake of his company’s bottom line, and perhaps his own personal enrichment, he turned Exxon Mobil into an enemy of the planet.