Wednesday, July 01, 2009

"Poor" Exxon . . . .

The corporate power$-that-be decided to give up their fight and pay out $ome of their enormou$ profit$.

From the Anchorage Daily News:

Company decides not to fight to bitter end on interest payment


Exxon Mobil's decision to accept an appeals court judgment that it owes $470 million in interest to those hurt by the 1989 Exxon Valdez oil spill is cause for celebration. The oil giant could have carried the battle to the Supreme Court but did not.

No explanation.

That's OK. Deeds count more than words anyway.

When added to $507.5 million in punitive damages, the interest payments will nearly double the award for the average claimant.

Well, it'$ not like they can't afford it . . . .

1 comment:

SuperFantabulous said...

Wooo Hooooo!! My husband is one of the many recipients. Too bad it was reduced from the original 5 billion!