Tuesday, April 03, 2007

Exxon...

"On December 22, 2006 the 9th U.S. Circuit Court of Appeals in San Francisco cut the Valdez punitive damages award from $4.5 billion to $2.5 billion.  The Valdez oil spill was a tragic accident that ExxonMobil deeply regrets.  The company took immediate responsibility for the spill, cleaned it up, and voluntarily compensated those who claimed direct damages."

Yep, good as new. Record profits, but Exxon still is penny pinching.

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