Corporate craziness

I guess $11.7 billion isn’t what it used to be.

That’s the amount of ExxonMobil’s second-quarter profit. (All those nickels and dimes they’ve been getting from you and me add up.)

Even for ExxonMobil, $11.7 billion is a big second-quarter profit. In fact, the oil giant beat its own record for the highest quarterly profit ever.

But here comes the crazy part:

Wall Street expected ... even bigger profits! By racking up a measly $11.7 bil, ExxonMobil actually saw its stock price fall, by 2.5 percent!

As one analyst, Simmons & Co. International, noted, “We expect that these results will be viewed negatively today.”

Huh? A record quarterly profit of nearly $12 billion … is not good enough?

Wow; what if the company had brought in, only, say, $10 billion?

I guess the CEO and chairman would be canned.

After all, you can’t keep stringing along underperformers forever.