Chevron CEO Is Not Feeling Furor

Somehow I don’t think the widespread furor over soaring gas prices will infiltrate the office of ChevronTexaco Corp. Chief Executive David O’Reilly.

According to “Chevron CEO’s Pay Rises to $9.98 Million” (March 22), ascending oil and fuel prices have “boosted profit” at Chevron, resulting in a 15% salary increase for O’Reilly and a 25% bump in his annual bonus, stock options and other compensation.

OK, maybe this doesn’t explain why gas is getting prohibitively expensive, but at least we know where a portion of our shrinking pay-at-the-pump dollar is headed.

Greg Torres

Glendora