Exxon Valdez oil spill

Our assignment was to find a corporate executive, company or business leader, or an entity that was involved in an “ethical dilemma” in the Wall Street Journal. And try to identify who this person was and what sort of dilemma he or she was involved in. We found Lee R Raymond, who was the CEO at Exxon from 1993-2005. He was born in 1938 in Watertown, South Daktoa. Went to University of Wisconsin in 1960’s and earned a B.S – Bachelor in Science Degree, he also went to University of Minnesota from which he graduated in 1963 and earned a PhD. Once he was done at Univ of Minnesota he started working at Exxon as a research production engineer.

He worked his way up to the top throughout the years at Exxon and was even involved in the big merger between Exxon and Mobil in 1999. He was very often criticized for not following the rules when it came to the global warming. That he wanted to open Alaska's Arctic National Wildlife Refuge to drilling, that he kept using fossil fuel when everyone else were looking for a better solution for the nature, and that once an oil spill had occurred, it took him forever to make sure that it got cleaned up.

Since the global warming is a very big concern in our society it feels that a leader for such a big company should take it more seriously, and not just think about making the numbers but to think about the greater good for the world as well. It took a boycott on Exxonmobil in Europe to open his eyes to realize that he needed to do something about his ungreen path. So he started a green campaign ad to make sure that ExxonMobil became more environment friendly. He also eliminated 18000 jobs at Exxon and Mobil when the merger was almost finished to increase the profits for the both companies so it would be a beneficial merge.

This was considered to be a very selfish act, since if the company did good – he would do good as well. He did however try to compensate the people who had lost their jobs by giving them severance packages, and bonuses that they would have received at the end of the year. He did however accomplish much during his 42 years at Exxon. He managed to become CEO of the entire company, he was involved in a major merger, he managed to make the company more environment friendly, and he managed to make ExxonMobil into one of the leading oil companies in the world.