The day Lynn L. Elsenhans announced her departure as Sunoco CEO, shares of the oil refiner jumped 2.6%. In the fourth quarter of last year, the company showed a pretax loss of $660 million, according to Drew Fitzgerald in The Wall Street Journal.
“Ms. Elsenhans said weaker results in the company’s refining and supply segment reflected ‘very difficult market conditions that led to the early idling of the Marcus Hook refinery,'” according to Fitzgerald.
The Philadelphia company paid Elsenhaus $11,713,702 in total compensation during 2010, according to the AFL-CIO. At the same time the median Sunoco salary for workers was under $34,000.