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Exxon Mobil Is The Most Profitable American Business By A Long Shot
Or 1 week of groceries for my family (more like 6 days with the rising cost). That doesn't help much.
Exxon Mobil Is The Most Profitable American Business By A Long Shot
200 Billion.
Exxon Mobil Is The Most Profitable American Business By A Long Shot
Taxes and pay are separate items on the balance sheet. It is relevant, because profit is what's left over after all those expenses. You are reasoning in the wrong direction.
Also, I'm not talking morality. I'm talking math.
You take his $400,000,000 compensation plan away from him and divide it among the 307,006,500 Americans and we get $1.31 each.
Take away the $30,000,000,000 profit, and we get $99.02 each.
Take away the $8,000,000,000 tax subsidy, and we each receive $26.06
Exxon Mobil Is The Most Profitable American Business By A Long Shot
So let's take all of Exxon's profits and the entire compensation package of the CEO and give Americans their $100 back.
Exxon Mobil Is The Most Profitable American Business By A Long Shot
Also, assuming Exxon returned all it's profits to offset the price of gasoline, it wouldn't reduce the price of gas by much: http://www.eia.doe.gov/oog/info/gdu/gasdiesel.asp
Most of the cost of gas is oil, refining expenses and taxes. Returning all those profits would net each American about $100. It's not as big as you think.
Exxon Mobil Is The Most Profitable American Business By A Long Shot
Um, the executives' pay comes out before profits - pay is an operating cost.
Profits are either kept as retained earnings or are distributed to shareholders in dividends. Retained earnings are used to fuel company growth.
So being indignant about huge profits and "evil" executive salaries is kind of silly because the execs have already been paid. Unless you actually want execs to receive more money - that would reduce profits.
P&G Invents 48-Hour Day
It also doesn't have the conditional "as long as you use once a day." That simply is your assumption. It's a bad one, too.
It is more correct, however, to deduce that the product must be used twice daily to get 24-hour protection.
It does say 24-hour protection.
It also says use two times per day.
So we're safe in pairing the two bits of info, and creating a compound sentence: Provides 24 hour protection and use twice daily. Both parts of that sentence are true. Deduction takes you from there.
No where does it say "use once" or "use 1x/day" or "only one use required for 24-hour protection." You simply assumed it did.
P&G Invents 48-Hour Day
Nah, they can't mean that. Why would they put *directions* on the bottle?
I assumed the 24-hour protection was simply from owning it, and the use 2x per day was simply for the fun taste. I mean, they're not explicit, so whatever I assume must be correct, right?
Comments from Xerloq
Exxon Mobil Is The Most Profitable American Business By A Long Shot
No, they're not. You're just mis-calibrated.
Assume Exxon sold ALL 138.5 billion gallons(*1) of gas used in the USA last year. That would mean their profit was $0.22 (twenty-two cents) per gallon.
The DOE said the average price per gallon of gas in 2010 was $2.78(*2). That means Exxon's profit would be 7.9%
If you paid for only the cost of the gas, would you tip Exxon 7.9% for their trouble?
Their profits aren't obscene. They're just seem really large because Americans use a load of gas.
(*1) http://www.eia.doe.gov/tools/faqs/faq.cfm?id=23&t=10
(*2) http://www.eia.doe.gov/emeu/steo/pub/contents.html