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**casinobonusa** · 01-02-2007, 05:15 PM

Thank you for answering Iron. Everyone else is afraid. The questions was not about how wealthy one should be, or should want to be. 401(k)'s aren't going to make you wealthy. My point was that when it comes to your own investments, of course you want to make as much as you can. So why should it be any different for a corporation who has a responsibility to its investors and its employees. 10% for a mutual fund these days is only average. The answer should have been; "I'd look into higher yielding funds".

I agree not all executive benefits are deserved. Neither are all regular workers. I'm sure the mid-grade employees of Exxon benefited also with stock bonuses/options/offerings they probably receive in their benefits package. Complete speculation on my part but at the minimum, Exxon matches their 401(k) contributions.

I don't think that I should be afraid... I mean... what is there to fear on here? But when you have oil prices that high and the companies are profitting from it while the main source of our oil is coming from the same country where people are dying, it kinda drains the excitement from that excessive profit, except from the business and its investors of course. OPEC is only screwing the US consumer in raising the price of crude, but gives the company a higher profit margin because the prices are higher than what it used to be years ago. The problem is price inflation depletes the value of the dollar and so the prices rise, thus WE who put gas in our cars every week pay for it. There goes half your investments each year - back into EXxon/Mobile's profit, in which you only get a certain amount of share back.

As far as 401K, Exxon is able to match contributions, like most companies, because it is tax deductable for them.

Think of it as a clothing store that gives its employees a 20% discount on all clothing in the store. An employee gets his check and spends some money in the store. That store makes money back from the employee regardless.

01-02-2007, 05:15 PM	#21
casinobonusa Join Date Oct 2005 Posts 596 Senior Member	Thank you for answering Iron. Everyone else is afraid. The questions was not about how wealthy one should be, or should want to be. 401(k)'s aren't going to make you wealthy. My point was that when it comes to your own investments, of course you want to make as much as you can. So why should it be any different for a corporation who has a responsibility to its investors and its employees. 10% for a mutual fund these days is only average. The answer should have been; "I'd look into higher yielding funds". I agree not all executive benefits are deserved. Neither are all regular workers. I'm sure the mid-grade employees of Exxon benefited also with stock bonuses/options/offerings they probably receive in their benefits package. Complete speculation on my part but at the minimum, Exxon matches their 401(k) contributions. I don't think that I should be afraid... I mean... what is there to fear on here? But when you have oil prices that high and the companies are profitting from it while the main source of our oil is coming from the same country where people are dying, it kinda drains the excitement from that excessive profit, except from the business and its investors of course. OPEC is only screwing the US consumer in raising the price of crude, but gives the company a higher profit margin because the prices are higher than what it used to be years ago. The problem is price inflation depletes the value of the dollar and so the prices rise, thus WE who put gas in our cars every week pay for it. There goes half your investments each year - back into EXxon/Mobile's profit, in which you only get a certain amount of share back. As far as 401K, Exxon is able to match contributions, like most companies, because it is tax deductable for them. Think of it as a clothing store that gives its employees a 20% discount on all clothing in the store. An employee gets his check and spends some money in the store. That store makes money back from the employee regardless.
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