Tuesday, August 19, 2008

ABC's Gibson Attempts Guilt Trip on Exxon CEO

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Maybe it was a stab by Charles Gibson to provide a national group therapy session, but the ABC "World News" anchor aggressively questioned ExxonMobil CEO Rex Tillerson on the August 14 broadcast for "obscene" profits and asked him to "justify" the company's success.

But Tillerson explained to Gibson it was the nature of a large business that performs an incredible amount of transactions:

"Everything we do, the numbers are very large," Tillerson replied. "I saw someone characterize our profits the other day, in terms of $1,400 in profit per second. Well, they also need to understand we paid $4,000 a second in taxes. And we spent $15,000 a second in costs. We spend $1 billion a day just running our business. So, this is a business where large numbers are just characteristic of it."

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