ExxonMobil Got What It Wanted

Even granting that testifying to congressional committees is not on the list of an oil CEO’s favorite things to do, when ExxonMobil CEO Lee Raymond, known to his employees as “Iron Ass,” arrived at the Dirksen Senate Office building one morning in November 2005, he was in an especially reticent mood. Among other things, the Senate Energy Committee wanted to know about the corporation’s role in formulating policy with Vice President Dick Cheney’s energy task force. Raymond—who was chummy with Cheney and seven weeks away from his retirement, after 12 spectacularly profitable years at the helm first of Exxon and then Exxon-Mobil—did not think the committee needed to know. Thus when New Jersey Senator Frank Lautenberg asked Raymond whether he or any ExxonMobil executives participated in a 2001 meeting with Cheney, Raymond responded with a single syllable: “No.”