Over the past 12 months ExxonMobil’s revenues—$404 billion—exceeded the GDPs of more than 160 countries.
I wonder what the executive pay packets at Exxon looked like with base salaries and bonuses all tallied up and together?
The question that springs to my mind is why some oil producing countries like Nigeria, Iran, and Iraq, to name but a few, are in such dire straits with regards to human development? Obviously the trickle-down effect does not work in the oil markets.
