Posted on the MPC site, but it certainly applies here
Started to think about our executive leadership team’s compensation, especially our CEO’s, while sitting at my desk eating lunch today. MPC stock is over $470 per share!
My first inclination is that it is due to superior capital allocation, fiscal responsibility and smart creative acquisitions. Then I realized it is more likely due to large stock buybacks, Trump’s illegal war with Iran, Trump’s inability to end the Russia-Ukraine war the first day he was in office as he bragged he would do, and Wallstreet fund managers chasing the MPC momentum trade.
Since the latter reasons are most accurate, it leads me to conclude our executive leadership team’s outrageous compensation, driven by their incentive stock options, is mostly ill-gotten and unearned while lowly engineers like me make our facilities run smoothly day in and day out with little recognition.
Nonetheless life isn’t fair! We live in a time of morally bankrupt grift exhibited by our politicians, tech oligarchs, corporate leaders, and Wallstreet financiers. Remember to vote November 3rd