Age, Biography and Wiki

Lee Raymond was born on 13 August, 1938 in Watertown, South Dakota, is an American businessman (born 1938). Discover Lee Raymond's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 85 years old?

Popular As N/A
Occupation N/A
Age 85 years old
Zodiac Sign Leo
Born 13 August, 1938
Birthday 13 August
Birthplace Watertown, South Dakota
Nationality South Dakota

We recommend you to check the complete list of Famous People born on 13 August. He is a member of famous businessman with the age 85 years old group.

Lee Raymond Height, Weight & Measurements

At 85 years old, Lee Raymond height not available right now. We will update Lee Raymond's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Lee Raymond's Wife?

His wife is Charlene Hocevar (m. 1961)

Family
Parents Not Available
Wife Charlene Hocevar (m. 1961)
Sibling Not Available
Children 3

Lee Raymond Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Lee Raymond worth at the age of 85 years old? Lee Raymond’s income source is mostly from being a successful businessman. He is from South Dakota. We have estimated Lee Raymond's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

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Timeline

1938

Lee Roy Raymond (born August 13, 1938) is an American businessman and was the chief executive officer (CEO) and chairman of ExxonMobil from 1999 to 2005.

Lee Raymond was born in Watertown, South Dakota on August 13, 1938.

1956

He graduated from Watertown High School in 1956.

1960

Raymond received a bachelor's degree in chemical engineering from the University of Wisconsin–Madison in 1960.

Raymond went on to earn his PhD in chemical engineering from the University of Minnesota.

1963

He joined the company in 1963 and served as president from 1987 and a director beginning in 1984.

While at Exxon, Raymond was one of the most outspoken executives in the United States against regulation to curtail global warming.

While casting doubt on climate change in public, internal Exxon research pointed to the role of human activity in climate change and the dangers of climate change which was characterized in the PBS Frontline three-part documentary "The Power of Big Oil".

Raymond began working for Exxon in 1963.

1984

Raymond became a director of Exxon in 1984 and in 1987 he became the President of the company.

1990

In the 1990s, Raymond claimed that the scientific evidence for climate change was “inconclusive” and that “the case for global warming is far from air tight.”

1993

He had previously been the CEO of Exxon since 1993.

In 1993, he became CEO succeeding Lawrence G. Rawl and held this post until 2005.

2000

He negotiated the merger with Mobil that became effective on January 1, 2000, and gave birth to the new ExxonMobil company.

2001

He was awarded an honorary doctorate from the same university in 2001.

Raymond met his wife, Charlene née Hocevar, while studying at the University of Wisconsin–Madison; she was pursuing and later earned a degree in journalism.

2003

In 2003, when approaching the age of 65, the mandatory retirement age for executives at ExxonMobil, the board of directors requested him to stay in his position two more years, in order to prepare his succession, after the post-merger reorganisation period.

Lee Raymond received the Woodrow Wilson Award from the Woodrow Wilson International Center for Scholars of the Smithsonian Institution for Corporate Citizenship during a dinner held in his honor in Dallas, Texas in early 2003.

2005

On August 14, 2005, Raymond announced that he would retire at the end of 2005 as ExxonMobil's Chairman and CEO, two years later than the usual mandatory retirement age of 65 for the company executives.

After retiring from Exxon, Raymond was hired in 2005 as lead independent director for JPMorgan Chase.

2006

ExxonMobil president Rex W. Tillerson succeeded Raymond on 1 January 2006.

On April 14, 2006, it was reported that Raymond's retirement package was worth about $400 million, the largest in history for a U.S. public company.

However, the majority of that sum consisted of retirement-independent salary, bonuses, stock options, and restricted stock awards from his final year and prior years that, while high, are not unprecedented among major American CEOs.

Retirement-specific payments in accordance with the standard pension plan provided to all ExxonMobil employees totaled around $100 million, calculated based on his over forty years of service and his salary upon retirement.

Raymond was also chair of the National Petroleum Council (NPC), when it was asked to produce a report on the future of oil supply and demand.

Raymond was one of the most outspoken executives in the United States against regulation to curtail global warming.

2015

HR policy was eventually updated in 2015 to include a prohibition on discrimination against gay employees, but from 1999-2014 the board annually rejected a resolution brought by shareholders to compel the company to implement a non-discrimination policy.

His son, John T. Raymond, is active in the oil and gas industry.

John partnered with the Jim Flores and Paul Allen-backed Vulcan Capital in the buyout of Plains Resources.

2020

In 2020, amid pressure to remove Raymond from the board due to his history on climate change, JPMorgan Chase removed Raymond as lead independent director of JPMorgan Chase’s board.

Steve Coll describes Raymond as "notoriously skeptical about climate change and disliked government interference at any level".

In a new BBC Documentary, Big Oil v the World, Professor Martin Hoffert, a former Exxon Climate Consultant, called Lee Raymond's report, "Climate Change: Don't Ignore the facts," as "a load of baloney," and "I would have to say that on an ethical basis, it is actually evil."

Lee Raymond was at the helm of Exxon while it remained one of the last large companies to omit gay employees in its anti-discrimination policy.

He was also at the helm during the takeover of Mobil, when the new Exxon-Mobil corporation rescinded Mobil's pre-existing anti-discrimination policy.