Exxon draws heat for sponsoring Masters
 

Shareholders claim support of the golf tournament violates company's policies on discrimination.
April 5, 2006: 2:50 PM EDT

NEW YORK (CNNMoney.com) - Exxon Mobil is under fire for practicing what some shareholders are calling high-profile sex discrimination.

A group of shareholders say that the company's sponsorship of events like the Masters Golf Tournament, which is held at the men-only Augusta National Golf Club, is in direct violation of the company's stated policies on discrimination.

The annual tournament has drawn criticism in recent years for being held at a private club where women are barred from membership. This year's Masters starts Thursday.

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Is this PC-ness to an extreme or are these shareholders valid in their concern? Should companies/organizations sponosr events that do not conflict their org's stated purpose and policies?

Oh POOR SHARE HOLDERS!:(

Exxon surpassed Wal-Mart as the highest profit Company in the USA!

Hell, they should have!

Dumbest thing I have ever seen is when they were in front of Legislative Committee and did not raise prices to make money, just to get people to quit buying Gass. Right!:rolleyes:

Second dumbest is when the Committee agreed with them! Friggen Maroons!:mad:

It's 5:00 somewhere, eh Tom?

laughing all the way to the bank!!! (I own lots of exxon stock)

? !

Yes, it must be but not in Central Time Zone!:)

I think that it is over blown pc BS.

I really don't care if there are women only golf clubs, or black only golf clubs, or any other specific type of club.

It's a private club and they should be allowed to do whatever.

In the case of Exxon, if it is that big of a deal then they should donate to a women's only club, as a percentage of their sponsorship to Augusta compared to the total sponsorship to Augusta

Those women probably pee standing up. Someone should try and get them to do AI.

-Rudey

Re: Exxon draws heat for sponsoring Masters
 

It seems dumb to me.

Sponsoring an event is different from practicing discrimination. It sounds like this Burk woman has a specific agenda with respect to Augusta -- she's referred to as "a long-time advocate for allowing women members at Augusta National."

Most professional sports don't involve men and women playing together -- would she disapprove of a sponsorship with the NBA, too, or is it just the Augusta/women membership issue?

......so nobody cares that Exxon is making record profits off of hard working Americans many who have to make tough choices between buying gas or food or medicine.

You bet Your Bipee I do!

You could move to Cuba and care I suppose :)

-Rudey
--PS look up the definition of Capital Expenditures on investopedia.com and then look through Exxon's financial statements (available to the public) to actually understand what "Record profits" really are (not what politicians and the media say they are).

No...really it's a serious problem when greed trumps caring about one's fellow man or woman....If we are gonna cry and yell every chance we get how much of a Godly nation we are let's try showing it. It's not only Exxon who's giving it to the America people w/no grease it's Shell, Texaco and the whole gang I only mention them b/c of this thread and the fact that they (Exxon) have knocked Wal-mart from the top of list profit makers in America.

Again, look up the definition of capital expenditures. Then go to Exxon and look for yourself at what they make in terms of revenue and how much they spend on capital expenditures.

You're not going to believe me so I'm trying to get you to look at it yourself.

-Rudey

Did anyone see that deal that the CEO of Exxon got..... I'll never buy gas from Exxon again. (not that it will hurt them)

If enough People dont, then it Might!:mad:

I believe gas prices will level off for a while now due to the national attention that this issue is getting. However I still refuse to buy gas from Exxon and I wish other people will not support these money hungry crooks.

They made more profits than all the other gas companies?

-Rudey

Yes I believe they're number six on forbes (#1 in oil companys) 100 public companys.

How much profit is too much?

It's not about the profit it's about crying about how hard it is to refine oil, keep up w/demands all the while raising prices based on scare tactics (Iran & Iraq as well as Nigeria) exploiting Katrina then make record profits. Then throw on top paying your out going president a package deal worth close to $400 million dollars while the American public suffers.

Katrina had little effect on the Oil and Gas industry. My father is VP or a major oil and gas company and we had a talk about this recently. Also, refining oil is not difficult, I don't know where you get that, but its really not.

Of course it isnt, it is just the fact that they are not putting profits in Refinining! Why?

To Keep The Profits Up!:mad:

Close Refineing Plants to keep Profits up!:mad: Close Refining Plants to keep Profits up!

Supply and Demand.

If people are willing to pay for it, then the price is fair. Now when all the whiners start riding bikes to work or running/walking or taking public Transportation then the oil industry might listen up.

In rural America many of your suggestions are just out of the question...( with no public transportation )walk,run or even ride a bike 30-45 miles to work?

Only for the people who have a choice. Many don't. It's drive to work -- or don't work.

Doesnt this also equate to dont drive to work and not have expendable income to buy food or spend on other items of life?


So, where does theb problem really lay?

Auto Makers who wont get better Vehicles for Gas Mileage or the Midget Morons who buy big gas guzzleing Autos?

Oh, We need to drill in the Tundra of Alaska to get oil, Dont Drill off of the West Coast of Florida for Oil.

If there is Oil, there is not enough refinerys to refine it.:rolleyes:

So, someone come up with a definative answer. The band aid approach via Congress and The President is a damn Joke!:mad:

These are actually very valid points. For so long, the liberal, pro-environmental wackjobs bitched about drilling off California, drilling off Florida, building refineries.....so it didn't happen.......great.....now look at the situation.

Do you have any evidence on how much additional oil and lng you could produce by drilling in those areas? It's not enough to offset prices.

Some of us would actually like not to wake up to disgusting pollution. I know people in Texas don't understand that because Houston is beyond disgusting.

-Rudey

Not on hand, but my father is in the oil and gas industry and I could find out. I don't know much about Florida, but I know that California has a pretty large amount of reserves, I would think that the shelf extends out into the ocean.

And I am not really sure what you are talking about with Houston and pollution, especially since you live in a state with probobly the number 1 smog filled, polluted city in the country, LA. Thats a pretty broad statement to claim that an entire state wouldn't understand something because of 1 city.

I was unaware that the act of drilling for oil and natural gas created pollution.