johnsu01 (johnsu01) wrote,
johnsu01
johnsu01

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Exxon displaces Wal-Mart

Good god.

NEW YORK - Skyrocketing energy prices propelled Exxon Mobil Corp. to the top of the 2006 Fortune 500 list, and consigned Wal-Mart Stores Inc. to the No. 2 spot on the magazine's annual ranking of the nation's largest publicly traded companies.

Fortune compiled its list based on companies' 2005 revenues. Exxon Mobil raked in $340 billion in revenue, a 25.5 percent increase over 2004, and had $36.1 billion in profits, the most by any U.S. company in history.

I could go on and complain about Exxon using a natural disaster as a way to make money. What's going on with their price-gouging investigation anyway? Congress was "looking into that" at some point in time...

But the more interesting question I'm thinking about now is, what would you do with the money? Let's say that back around Katrina time, Exxon was actually telling the truth, and they actually thought that they were about to fall on hard times due to expected problems with their distribution network. But, as it turns out, they were wrong and they ended up with a bunch of money in their pockets. If the company were an ethical person, what would they do now?

via Michael Moore

Tags: capitalism, ethics, exxon, wal-mart
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