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in his position two more years, in order to prepare his succession, after the post-merger reorganisation period. On August 14, 2005, Raymond announced that he would retire at the end of 2005 as ExxonMobil's
Chairman and CEO, two years later than the usual mandatory retirement age of 65 for the company executives. ExxonMobil president
366:
describes
Raymond as "notoriously skeptical about climate change and disliked government interference at any level". In a new BBC Documentary, Big Oil v the World, Professor Martin Hoffert, a former Exxon Climate Consultant, called Lee Raymond's report, "Climate Change: Don't Ignore the facts," as "a
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and held this post until 2005. He negotiated the merger with Mobil that became effective on
January 1, 2000, and gave birth to the new ExxonMobil company. In 2003, when approaching the age of 65, the mandatory retirement age for executives at ExxonMobil, the board of directors requested him to stay
370:
Lee
Raymond was at the helm of Exxon while it remained one of the last large companies to omit gay employees in its anti-discrimination policy. He was also at the helm during the takeover of Mobil, when the new Exxon-Mobil corporation rescinded Mobil's pre-existing anti-discrimination policy. HR
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awards from his final year and prior years that, while high, are not unprecedented among major
American CEOs. Retirement-specific payments in accordance with the standard pension plan provided to all ExxonMobil employees totaled around $ 100 million, calculated based on his over forty years of
334:
succeeded
Raymond on 1 January 2006. On April 14, 2006, it was reported that Raymond's retirement package was worth about $ 400 million, the largest in history for a U.S. public company. However, the majority of that sum consisted of retirement-independent salary, bonuses, stock options, and
354:
After retiring from Exxon, Raymond was hired in 2005 as lead independent director for JPMorgan Chase. In 2020, amid pressure to remove
Raymond from the board due to his history on climate change, JPMorgan Chase removed Raymond as lead independent director of JPMorgan Chase’s board.
293:. While casting doubt on climate change in public, internal Exxon research pointed to the role of human activity in climate change and the dangers of climate change which was characterized in the PBS Frontline three-part documentary "The Power of Big Oil".
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policy was eventually updated in 2015 to include a prohibition on discrimination against gay employees, but from 1999-2014 the board annually rejected a resolution brought by shareholders to compel the company to implement a non-discrimination policy.
317:. He was awarded an honorary doctorate from the same university in 2001. Raymond met his wife, Charlene née Hocevar, while studying at the University of Wisconsin–Madison; she was pursuing and later earned a degree in journalism.
790:"Exxon Mobil Corporation Endows Scholarship Awards to Honor Lee R. Raymond, Retired Exxon Mobil Corporation Chairman & CEO; $ 2.5 Million Gift Will Endow Scholarship Fund Within the Teagle Foundation"
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His son, John T. Raymond, is active in the oil and gas industry. John partnered with the Jim Flores and Paul Allen-backed Vulcan
Capital in the buyout of Plains Resources.
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Raymond began working for Exxon in 1963. Raymond became a director of Exxon in 1984 and in 1987 he became the
President of the company. In 1993, he became CEO succeeding
351:. In the 1990s, Raymond claimed that the scientific evidence for climate change was “inconclusive” and that “the case for global warming is far from air tight.”
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since 1993. He joined the company in 1963 and served as president from 1987 and a director beginning in 1984.
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275:(born August 13, 1938) is an American businessman and was the chief executive officer (CEO) and chairman of
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2018 Honorary
Lifetime Achievement Award for the Advancement of International Energy Policy & Diplomacy
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804:"Honorary Lifetime Achievement Award for the Advancement of International Energy Policy & Diplomacy"
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An Analytical Study of the Transient Behavior and Stability of Tubular Reactors and Catalyst Particles
806:. THE ABDULLAH BIN HAMAD AL-ATTIYAH INTERNATIONAL FOUNDATION FOR ENERGY & SUSTAINABLE DEVELOPMENT.
289:, Raymond was one of the most outspoken executives in the United States against regulation to curtail
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Raymond was one of the most outspoken executives in the United States against regulation to curtail
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776:"Texas Business Hall of Fame honors Lee Raymond, retired chairman and CEO of Exxon Mobil Corp"
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for Corporate Citizenship during a dinner held in his honor in Dallas, Texas in early 2003.
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load of baloney," and "I would have to say that on an ethical basis, it is actually evil."
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2003 Woodrow Wilson Award from the Woodrow Wilson International Center for Scholars
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World Energy Magazine - The United Kingdom Leads Europe’s Growing Import Demand
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in 1956. Raymond received a bachelor's degree in chemical engineering from the
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2006 Exxon Mobil Corporation Endows Scholarship Awards to Honor Lee R. Raymond
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730:"John Raymond goes after the big enchilada - March 14, 2004 - Petroleum News"
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in 1960. Raymond went on to earn his PhD in chemical engineering from the
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572:"Exxon CEO accused of lying about climate science to congressional panel"
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This article is about the executive. For the two-time ARCA champion, see
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service and his salary upon retirement. Raymond was also chair of the
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SEC-filed Proxy Statement detailing Raymond's retirement compensation
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University of Minnesota College of Science and Engineering alumni
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624:"JPMorgan Chase removes former oil boss from lead director role"
554:"Exxon CEO Lee Raymond's Stance On Global Warming Causes a Stir"
471:"Exxon CEO Lee Raymond's Stance On Global Warming Causes a Stir"
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754:"Golden Plate Awardees of the American Academy of Achievement"
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University of Wisconsin–Madison College of Engineering alumni
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World Energy Magazine - The Future of Energy in Emerging Asia
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Members of the United States National Academy of Engineering
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from 1999 to 2005. He had previously been the CEO of
709:"ExxonMobil shareholders vote down LGBT protections"
491:"How the oil industry made us doubt climate change"
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688:"Exxon Lumbers Along to Catch Up With Gay Rights"
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885:Scientists offered cash to dispute climate study
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383:Woodrow Wilson International Center for Scholars
887:Guardian article by Ian Sample, 2 February 2007
655:"Private Empire: ExxonMobil and American Power"
516:"Oil: Exxon Chairman's $ 400 Million Parachute"
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871:, SEC (US Securities and Exchange Commission)
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535:"Can oil production satisfy rising demand?"
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149:April 28, 1993 – December 31, 2005
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106:February 1, 1996 – March 1, 2004
63:January 1, 1987 – April 28, 1993
1591:JPMorgan Chase Building (San Francisco)
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597:"Big Oil's Reign Is Finally Weakening"
305:on August 13, 1938. He graduated from
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469:Herrick, Thaddeus (August 29, 2001).
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1506:270 Park Avenue (2021–present)
1300:Banca Commerciale Italiana Trust Co.
552:Thaddeus Herrick (August 29, 2001).
533:David J. Lynch (November 24, 2005).
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1405:Mechanics and Metals National Bank
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1360:Fourth National Bank of New York
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830:. University of Minnesota, 1963.
407:2006 Texas Business Hall of Fame
16:American businessman (born 1938)
1465:Valley National Bank of Arizona
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778:. San Antonio Business Journal.
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762:American Academy of Achievement
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673:"BBC Two - Big Oil v the World"
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635:from the original on 2022-12-10
400:American Academy of Achievement
398:1998 Golden Plate Award of the
311:University of Wisconsin–Madison
255:University of Wisconsin–Madison
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653:Ian Thompson (July 30, 2012).
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621:Noonan, Laura (2020-05-03).
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1696:American chemical engineers
1566:Chase Tower (Oklahoma City)
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21:Lee Raymond (racing driver)
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301:Lee Raymond was born in
297:Early life and education
1576:Chase Tower (Rochester)
1561:Chase Tower (Milwaukee)
1440:Robert Fleming & Co
1138:William B. Harrison Jr.
558:The Wall Street Journal
476:The Wall Street Journal
387:Smithsonian Institution
315:University of Minnesota
303:Watertown, South Dakota
260:University of Minnesota
203:Watertown, South Dakota
94:President of ExxonMobil
1531:Chase Tower (Amarillo)
1425:New York Trust Company
137:Chairman of ExxonMobil
1571:Chase Tower (Phoenix)
1546:Chase Tower (El Paso)
1536:Chase Tower (Chicago)
1455:The Manhattan Company
1445:State Bank of Chicago
1400:Manufacturers Hanover
1375:HF Ahmanson & Co.
1370:Hambrecht & Quist
1153:Douglas A. Warner III
1118:Junius Spencer Morgan
945:Continued as head of
734:www.petroleumnews.com
307:Watertown High School
1541:Chase Tower (Dallas)
1325:Chase Manhattan Bank
1310:Bank United of Texas
1128:Henry Sturgis Morgan
1108:John Pierpont Morgan
1076:Mary Callahan Erdoes
1022:EMC Mortgage Company
425:The Power of Big Oil
379:Woodrow Wilson Award
1450:Texas Commerce Bank
1296:Anchor Savings Bank
1183:Dennis Weatherstone
1036:One Equity Partners
894:Business positions
875:Enemy of the Planet
758:www.achievement.org
1611:The Qube (Detroit)
1516:383 Madison Avenue
1420:National Park Bank
1390:JP Morgan & Co
1365:Great Western Bank
1340:Corn Exchange Bank
1264:Phebe N. Novakovic
1031:JP Morgan & Co
824:Raymond, Lee Roy.
693:The New York Times
51:President of Exxon
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522:. April 14, 2006.
393:Awards and honors
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1654:Wikiversity
1526:Chase Field
1430:Ord Minnett
1278:Historical
1243:Jamie Dimon
1238:James Crown
1228:Steve Burke
1092:Jing Ulrich
1070:Jamie Dimon
1000:Beacon Rail
853:Appearances
819:Dissertaton
714:26 February
155:Preceded by
112:Preceded by
69:Preceded by
30:Lee Raymond
1670:Categories
1280:components
1233:Todd Combs
1163:Jes Staley
1056:executives
1005:Chase Bank
947:ExxonMobil
908:ExxonMobil
739:2022-06-02
639:2021-10-29
607:2021-10-29
582:2021-10-29
501:2021-10-29
454:August 14,
432:References
364:Steve Coll
277:ExxonMobil
262:(PhD 1963)
214:Republican
193:1938-08-13
1479:Buildings
1435:Providian
1355:First USA
1217:directors
1215:Board of
993:Divisions
846:Article:
840:Article:
661:. London.
539:USA Today
381:from the
257:(BS 1960)
251:Education
145:In office
102:In office
59:In office
1630:Category
1305:Bank One
1054:Notable
1010:Chase UK
835:Articles
633:Archived
520:ABC News
495:BBC News
418:See also
243:Children
1642:Commons
1063:current
934:CEO of
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385:of the
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857:C-SPAN
359:Legacy
321:Career
220:Spouse
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936:Exxon
863:Other
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